SoFi’s lawsuits don’t seem to be affecting its brand

SoFi, the financial services startup that wants to be at the center of millennials’ economic, social and dating lives, has been through tumultuous recent weeks.

The resignation of the company’s co-founder and former CEO, Mike Cagney, amid lawsuits from employees stemming from sexual harassment allegations and other workplace issues has thrown into question whether the brand can continue to be known as a “different kind of finance company,” as it markets itself. But despite the bad news so far, the damage to the company’s standing seems to have been contained — the result of being in the shadow of bigger scandals in Silicon Valley and the company’s actions in the aftermath of the scandal.

Read the full story on tearsheet.co

https://digiday.com/?p=255780

More in Marketing

Why marketers shouldn’t follow Unilever’s plans to work with ’20 times’ more influencers just yet

The creator economy isn’t just another media channel but an ecosystem all its own with potential hazards along the way.

Despite the uncertainty, some advertisers like Coca-Cola and Comcast have increased their TikTok spend this year

Seven large advertisers have increased their U.S. social media spend on the platform during Q1 2025.

WFA sees 54% of multinational brands boosting influencer spending — with more relying on agencies to find creators

With influencer marketing budgets steadily rising, more multinational brands are increasingly partnering with influencer agencies to identify creators as the industry becomes more complex.