October 2021 and November 2021 were great times to be an investor in SoFi Technologies (NASDAQ: SOFI) and Upstart (NASDAQ: UPST). The latter's shares reached all-time highs, while the former's stock price had largely recovered from a post-SPAC (special purpose acquisition company) sell-off and seemed primed to surge higher. 

The past 18 months and change haven't gone nearly as well. SoFi shares are down 78% as of this writing, while Upstart's stock is off 93%, joining the rest of the SPAC/growth/software-as-a-service (SaaS) stock sell-off that's wiped out billions of dollars in investor wealth.

Yet there are signs of life: SoFi shares are up 14% so far this year, while Upstart stock has doubled since the beginning of May. 

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Source Fool.com