The stock is down 65% since the beginning of 2022, but the core business is doing great.
In this video, I will be talking about SoFi Technologies (SOFI -0.13%) and explaining how the core business might actually be profitable already. The stock is down 65% since the start of 2022, but management still guided for 50% year-over-year growth.
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*Stock prices used were from the trading day of Jan. 6, 2023. The video was published on Jan. 9, 2023.
Neil Rozenbaum has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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