Reported about 8 hours ago
SoFi Technologies, a digital bank, has seen its stock drop 67% from its all-time highs, primarily due to concerns over its core lending business amid high interest rates. However, it is experiencing rapid growth in its financial services and tech platform segments, with significant year-over-year revenue increases. As the lending segment stabilizes and interest rates potentially lower, SoFi could prove to be a lucrative long-term investment.
Source: YAHOO