SOFI STOCK: THE SCANDAL THAT ALMOST RUINED IT ALL [HOW NOTO SAVED SOFI]

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Sofi Stock (#sofistock) ALMOST CRASHED & burned before it got off the ground. In this video, we take a look at #sofi before current CEO Anthony Noto was at the helm. Back in the days when SoFi had just come out of the grounds of #Stanford university and was run by the then CEO Mike Cagney in a scandal that ALMOST TOPPLED our favorite #Fintech stock SoFi! SINCE taking over as SOFI CEO, ANTHONY NOTO SAVED SOFI. We’ll be going over the Three Main Phases SoFi had to go through to get to where it is now. Chapter 1: The Startup (2011 - 2017 ) Flashback a decade to 2011, when things were more simple. Inflation wasn’t at its all-time high and no masks insight. SoFi wasn’t actually founded by Anthony Noto, It was founded by Stanford Students looking to make a difference in the student loan industry. This included Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady. They raised roughly 2 million dollars from 40 alumni, who lent an average amount of $20,000 to 100 students. Things were going great. As you can see here, they had a few successful funding rounds in the early stages. SoFi was starting to pick up momentum and more people were starting to be aware of the mission SoFi was going for. In 2 SHORT YEARS in October 2013, they raised HALF A BILLION DOLLARS. Chapter 2: The Controversy [2017 - 2018] And apparently, it wasn’t just Cagney, This article coming out from Vanity Fair stated that even the CFO “El NINO fanlo” was also involved. To add fuel to this dumpster Fire, THE FTC got involved ALLEGING that “Since April 2016, they made prominent false statements about loan refinancing savings in television, print, and internet advertisements”. One Online SoFI ad claimed “”Refinancing student loans saves $22,359 on average” while another ad stated “Start saving on your student loans. Average Monthly Savings $292”. Chapter 3: Anthony Noto Saves SoFi [2018 - Present] On January 23, 2018, SoFi put out a PRESS RELEASE announcing Anthony Noto, or as we like to call him on this channel “Commander Noto” as SoFi’s New CEO and director Effective March 1st, 2018.
Anthony Noto Graduated from the US MILITARY ACADEMY AT WESTPOINT. In 2020 it looks like the acceptance rate was around 8 - 12% which makes Westpoint very difficult to get into. According to Wharton Magazine, not only did he Get INTO WEST POINT, he played football in his junior and senior seasons with TORN LIGAMENTS in BOTH KNEES and was the HIGHEST RANKING MECHANICAL ENGINEER MAJOR IN HIS CLASS. If you like this video and want to see more sofi content like this then be sure to SMASH that like button for the youtube algorithm. On this channel, we cover all things sofi/sofi stock from sofi fundamental analysis to sofi breaking news!

#sofistock #sofibreakingnews #mikecagney #anthonynoto #fintech #stockstobuynow #sofiscandal #howsofialmostfell #sofistudentloans #sofistanford #sofiupdate #sofi #sofidaily #sofianalystsestimates #thedownfallofsofi #thescandalthatalmostruinedsofi

⏱ TIMESTAMPS
00:00 SOFI SCANDAL?!
00:10 Would There Still Be A SOFI If Anthony NOTO Wasn’t CEO?
00:20 We’ll Be Going Over 3 MAIN PHASES SOFI Had To Go Through
00:30 VIdeo Overview
00:48 Not Financial Advisors
00:57 CHAPTER 1: THE STARTUP (2011 - 2017)
02:54 CHAPTER 2: THE CONTROVERSY [2017-2018]
05:29 CHAPTER 3 ANTHONY NOTO SAVES SOFI [2018 - PRESENT]
14:39 THE SOFI TEAM ALSO PLAYED A HUGE PART IN THE SUCCESS OF SOFI
14:51 GOOD NEWS FROM WEALTH GAMBIT
15:11 How Much Credit Should Go To NOTO? Share Your Thoughts Down Below
15:21 Add us On Social Media @wealthgambit and Check Out Our SoFI Investors FB Group
15:31 Shoutout To Our Patreon Supporters
15:45 Thanks For Watching

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