SoFi BANKRUPTCY Scare: The Truth Behind SoFi's Rising Stock Price
Published at : February 12, 2023
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SoFi is one of the most exciting fin tech stocks in the market, but many fear Chamath Palihapitiya's former SPAC is burning through its cash reserves and will soon become bankrupt. They call out specific areas such as SoFi's high Stock-Based Compensation and negative Free Cash Flow as warning signs that CEO Anthony Noto is leading the company astray.
At the same time, SoFi is growing their revenue at 52% year over year according to their latest earnings report for Q4 2022 (which were released in early 2023).
SoFi started out as a student loan company, offering graduate loans across the country. They then expanded into new areas of lending such as mortgages or personal loans. But since they went public via a SPAC merger led by Chamath, they have since moved into new areas like financial services with their apps SoFi Money or SoFi Invest, their Galileo Technology Platform, or their credit card.
In this video I look into the rumors of SoFi's potential bankruptcy to separate fact from fiction. This can help give us insight into SoFi stock's potential in both the short and long term.
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I am not a financial or investment advisor. Everything in this video is for entertainment purposes only. Links above include affiliate commission or referrals, and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
SoFi is one of the most exciting fin tech stocks in the market, but many fear Chamath Palihapitiya's former SPAC is burning through its cash reserves and will soon become bankrupt. They call out specific areas such as SoFi's high Stock-Based Compensation and negative Free Cash Flow as warning signs that CEO Anthony Noto is leading the company astray.
At the same time, SoFi is growing their revenue at 52% year over year according to their latest earnings report for Q4 2022 (which were released in early 2023).
SoFi started out as a student loan company, offering graduate loans across the country. They then expanded into new areas of lending such as mortgages or personal loans. But since they went public via a SPAC merger led by Chamath, they have since moved into new areas like financial services with their apps SoFi Money or SoFi Invest, their Galileo Technology Platform, or their credit card.
In this video I look into the rumors of SoFi's potential bankruptcy to separate fact from fiction. This can help give us insight into SoFi stock's potential in both the short and long term.
📈 💸You can get free stocks by signing up for these apps:
► Get $15 from SoFi: https://sofi.app.link/kzMLLABQelb
► Get up to $70 worth of stock from Public: https://share.public.com/fintek when you use code "fintek"
► M1 Finance (Get $30 when you deposit $100): https://m1.finance/YIPMuDmLpBtZ
► Robinhood (Get a Free stock when you sign up):
http://join.robinhood.com/kuranm1
► WeBull (Get up to 12 free stocks valued up to $3300 when you make a deposit):
https://act.webull.com/invite/share.html?inviteCode=PZmxRyn4PfPm
🔒 Secure your Crypto with a Ledger Hardware wallet:
https://shop.ledger.com?r=51c1dc89cd3e
🎥 My Video Equipment:
Camera: https://amzn.to/3ziQnSL
Tripod: https://amzn.to/2TdllLI
Microphone: https://amzn.to/3xgPFUz
🔎 Sign up for $40 off Seeking Alpha Premium: https://www.sahg6dtr.com/6LLK35/55M6S/
I am not a financial or investment advisor. Everything in this video is for entertainment purposes only. Links above include affiliate commission or referrals, and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
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