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Mogo Inc - MOGO STOCK NEWS

Welcome to our dedicated news page for Mogo (Ticker: MOGO), a resource for investors and traders seeking the latest updates and insights on Mogo.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mogo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mogo's position in the market.

Rhea-AI Summary
Mogo Inc. nominates Christopher Payne as a director for WonderFi Technologies Inc., expressing support for a new slate of directors. Mogo, WonderFi's largest shareholder, emphasizes the need for a fundamental transformation of the board. The company has invested over $100 million in WonderFi and seeks to enhance its position as a regulated crypto exchange in Canada.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
management
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Rhea-AI Summary
Mogo Inc. announces the resumption of share repurchases under its buyback program on NASDAQ after releasing Q4 & FY 2023 financial results. The Company repurchased 474,353 common shares in 2023 at an average price of $2.36 per share. Including previous repurchases, Mogo has bought back 1,074,353 shares to date, representing 4.4% of outstanding shares. The Company aims to enhance long-term shareholder value by repurchasing undervalued shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.86%
Tags
buyback
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News
Rhea-AI Summary
Mogo Inc. (MOGO) reports a 36% increase in payments volume to $9.9 billion, Q4 revenue of $17.2 million, and Adjusted EBITDA of $2.7 million. The company ended the year with $55.6 million in cash and investments, including $27.7 million in crypto-related investments. Mogo focuses on profitability and efficiency, with plans to accelerate marketing efforts in 2024 to enhance user experience and financial freedom for Canadians.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.7%
Tags
none
Rhea-AI Summary
Mogo Inc. launches Moka.ai, a wealth-building app utilizing behavioral science to help Canadians achieve financial freedom. The app aims to disrupt traditional financial systems by providing a flat-fee subscription model and innovative wealth calculator.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.58%
Tags
AI
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Rhea-AI Summary
Mogo Inc. announces a conference call to discuss its Q4 & Full-Year 2023 financial results on March 20, 2024. The call will be hosted by David Feller, Founder & CEO, and Greg Feller, President & CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.09%
Tags
earnings
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Rhea-AI Summary
Mogo Inc. announces a shift in treasury management strategy to include Bitcoin and Bitcoin ETFs with an initial investment of up to $5.0 million. The company believes in the long-term investment opportunity for Bitcoin and highlights recent regulatory approvals and support from major asset managers. Mogo's Q3 financial report shows cash and total investments of $43.7 million, including a significant ownership in WonderFi Technologies Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.27%
Tags
none
Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) expands its relationship with Snowflake, the Data Cloud company, to use it as the foundation for its Wealth products, allowing for the deployment of new AI applications. The expanded use of AI aims to reshape the investing landscape and help Canadians, especially Gen Z, to benefit from advancements in wealth-building. Mogo's digital wealth platform includes Mogo, a commission-free stock trading app, and Moka, which offers Canadians a real alternative to mutual funds and wealth managers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
AI
-
Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) will be participating in the KBW Fintech & Payments Conference in New York from February 27-29, 2024. Mogo management will hold one-on-one meetings, and investors can access the company's presentation on its investor relations site.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.33%
Tags
conferences
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Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) announced that its portfolio company, WonderFi Technologies Inc. (TSX: WNDR), is one of the largest crypto exchange platforms in Canada, with over 1.6 million users and $1 billion in client AUC. Mogo holds ~87 million shares in WonderFi, which represents a ~13% ownership interest. WonderFi owns and operates leading digital asset businesses in Canada, including Bitbuy, Coinsquare, and SmartPay. Q4 2023 corporate highlights include combined client assets under custody exceeding $1 billion, $760 million in combined trading volumes, and over $180 million in crypto payment volumes. WonderFi achieved cash-flow positive operations on a consolidated basis during the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.6%
Tags
none
Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) announces Carta Worldwide's 36% increase in payments volume to $9.9 billion for the 12 months ended December 31, 2023, driven by European expansion and significant investment in the platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
none
Mogo Inc

Nasdaq:MOGO

MOGO Rankings

MOGO Stock Data

48.71M
21.19M
12.6%
16.04%
1.91%
Securities and Commodity Exchanges
Finance and Insurance
Link
Canada
Vancouver

About MOGO

mogo is a different kind of finance company. with canadians currently carrying record levels of debt, we’re here to help consumers push back. our goal is to save canadians $1 billion with our mogo card and range of mogo money loans. we don’t want you to spend more so we can make more money from your bad decisions. mogo wants you to spend smarter. that could mean spending less or it could simply mean borrowing money in different ways. we have a full range of personal loans to meet your financial needs, whatever they might be, including our recently introduced installment loan product mogoliquid. on signing up for a mogo account you have access to a range of mogo perks including a free prepaid visa card, free credit score and access to treats and events. check out our website mogo.ca for more information about what we offer and our latest blog posts on how to do more spend less. we’re based in vancouver, bc and are always looking for great talent. if you would like to join the te