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Why Social Capital Hedosophia VI Stock Fell 22% in March

TheMotleyFool

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Why Social Capital Hedosophia VI Stock Fell 22% in March

Shares of Social Capital Hedosophia VI (NYSE: IPOF) slumped 22% in March, according to data from S&P Global Market Intelligence. The special purpose acquisition company (SPAC) led by venture capitalist Chamath Palihapitiya saw its stock sell off in conjunction with the broader pullback for growth-dependent technology stocks that hit the market last month.