While other fintech are bouncing up nice, sofi is getting destroyed and going back down to sub 6$. Anyone know what’s going on?
I agree internal sentiment is great
Would you be willing to refer me to Sofi?
Im holding for the long term, but owning non-trivial amount of SoFi is not for the feint of heart 😂
This is the most volatile stock I’ve handled. But made good money so far with options with this volatility.
I’ve been slowly buying over the past two years, but I went in pretty hard early on so my avg cost basis is still nearly $15/share lmao
They made thousands of loans to sub prime borrowers who aren’t paying back. Basically SoFi is the king Mack daddy of payday loans and their customers just took the money and didn’t repay.
Lol, did you just pull that out of your a**? We serve to customers with average 740 credit score.
They are not sub prime, bears are worried we will see defaults next year though. For personal loans, borrowers have 740+ credit score and an average income of 160k
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The job market is absolutely brutal right now
Short attack?
There is some chatter on Galileo not working out as intended. How is the internal sentiment on sofi long term? I’ve been a long time holder and optimistic on sofi, so curious what’s the internal sentiment like.
Sentiment is great. We are hiring too.