Here's why Sofi Stock is crashing!

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You'd have to be nuts to not take a position at these prices

ItsBondoBaby
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The business ecosystem that they are building is great, these macro factors such as the student loans will get by in a matter of time. Loaded up another 100 sofi post-market.

I like what im seeing

TToTToTT
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What’s crazy is premarket it’s probably going to be in the 7s. And they just increased their APY to 1.25 for direct deposit highest in the industry. No one has a long time horizon anymore.

ironeaglea
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Plan to buy $SOFI tomorrow. I plan to buy in around 8.25. Thanks Brad💕

pj
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in 7 years people are gonna regret not buying t these prices 1700 shares avg 10.13 im okay if it goes down

XxgustXx
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Thanks Brad, payments are not required for the extended period, Financial institutions are out of luck until later. Students still have to repay and if at the end of the 20 years any unpaid principal is recognized as income to the student. Loan servicers as SOFI cannot conduct collection activity on delinquencies. This is similar to 2ndary Mortgage Market services. Banks are mere collectors of payments and receive a slice of the payment for fees. Next payment dates are extended to scheduled end of moratorium, These loans are funded via the Feds Department of Education. Banks did not fund, if they did you still owe payments to them.

jeffpaunicka
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Bought more at 8.20 they gave updated guidance with 100 million less revision. I thought it would have been more.

ironeaglea
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If they forgive student loans in the next year would the government pay off the lenders? Would the lenders basically get their principal back and lose out on the interest?

gus