Sofi stock took a beating today after some Senate committee inquiries on their bank charter compliance requirements and their Crypto holdings. Those in Sofi - how is the sentiment there? I’m a sad bag holder… #sofi
oh man... crypto is cursed in 2022. anything asscoiated with crypto is doomed
Yea, looks like the Dem senators seem to be way out of line here..
It’s just another Ponzi scheme. By they nature they crash and get replaced by new ones.
I sold my sofi stock the moment it ipoed and started tanking. I lost some money and haven’t looked back
Student loan moratorium extension today (til 6/30/23) also hurts the student loan refinancing business
So that’s seen as a bigger headwind than the crypto stuff? Interesting…
Yes because it has a stronger impact on our revenue (student loans are a larger percentage of total revenue than crypto)
I'm about to vest some more RSUs at a low price 🤷♂️
Vesting at a low price is actually a bad thing
Disagree. It’s not a bad thing.
All things considered - company is doing fine. Just tough hits on stock performance. Work on the marketing/creative side. Everyone is really nice. No toxicity.
Nothing all that special happened today
Stock went to all time low. 4.8 has been a strong resistance for a while and it broke that after the news on Senate questions.
All the fintechs that IPO’d in the last 2 years are at an all time low now (or were in the last month)