I've been an investor in SOFI since IPOE. My average buy price is $20 (ouch). I've been thinking of SoFi as potentially being a direct competitor with Robinhood and banks like Ally. The company has faced issues due to student loan moratorium, short interests, as well as market sentiment. Personally I thought they would have added options trading by now and been competing with RH but instead it's just now introduced margin and still has shares and some Crypto. I still think there's hope for SoFi in the long term (3+ years). Was wondering how SoFi employees feel. #investments
In 2.5 years I’ve gone through 6 reorgs. There’s a bunch of VPs and directors that do nothing. They bring in new leaders and their solution is…you guessed it…more reorgs. At least we get bonuses paid out quarterly.
Yeah about the bonuses...
It's not great, but the new CTO is making changes, so we'll see
Are y’all changing the overwhelming amount of ads in the app?
It gets mentioned constantly, but they actually do generate business, so it's a hard fight to win.
App is terrible. You’re bombarded with ad’s in your own banking app !!
I think about this a lot when using it. Worth it for the high APY though.
Marcus and ally have similar rates. Capitol one even has 3%