Chamath: SoFi is About to Become Unstoppable 

if I trim any it would be at 30$ which I Fully expect them to hit in 5 years from now . LONG SOFI GROWTH MONSTER .

Ouch

Hahahaha😂😂😂😂😂😂 it’s $6

So short sell it then 🤡

i bought at 4.70, but ive followed sofi since its spac IPO, watched all the people on wallstreetbets fight about lol, so i couldnt help but laugh

If you believe in the business then it isn’t bag holding. It’s a long term play. I won’t sell, only add more shares when pull backs happen.

I’m up 70% at current price

In the last year, yes. It's been in the 20s 2-3 yrs ago.

🤫

Never focus on the share price that’s even more important for growth stocks pay attention to what the company is doing. Good luck.

@@kane99560 that’s technically true

They are still losing money on Financial Services, but they have become operating income positive for that sector - meaning now each new product they sell is profitable. It's now a question of "Can they sell enough products to cover their fixed costs?" and how long that will take

@@FinTekI’m not sure that really answered his why

Around $5 a share

Interesting thought. He was CFO at the NFL and they are profitable. I wonder if the internal issues at Twitter prevented the management from functioning well. Didn’t think of that, thanks!

Great point!

I think he showed, in the begining of the video, where he held almost 2,000 shares of the SOFI

Then what happens afterwards?

Just learned that Jamie demon bought 5+mil shares of sofi

Will Double...but No more

If, If was a spliff we’d all be high af.

Maybe although all the student loans are from 700+ credit score population. This means logically their defaults should be lower.

@@parkerpkthn no way 700 plus credit score.

@@justinwilliams9228 Yes it is. Anthony Noto discusses this. I think their median is around 730 or 740 for the whole portfolio. Their literal bare minimum on personal loan approvals is 680 so yes most of their clients are over 700 - especially in the student loan segment as they target those with advanced degrees more aggressively. This is part of how they differ from other consumer finance type companies.

Wrong, you have to be qualified just to join SoFi. You can't be broke and join.

Great story

True

@@tropik5724 why?

High roller

Gangsta

Why? Elaborate. He said all the facts. Where is the deception?

I don't believe him but remember AMD used to be $2 share 5yrs ago. Look where it is now. I sold DKNG at loss but now it's double since then.

Do you have any clue how many times apple lost 60% or more of their stock value? Think long term. Investing is a long term game.

thata temporary , are you scared? investing is not yours

@@Alex-zz6bhhe’s definitely scared