SoFi Technologies Stock Is Down Nearly 70% Since 2021. Is It a Buy Today?
SoFi Technologies (NASDAQ: SOFI) stock is down almost 70% from its 2021 high, but the company just hit a major profit milestone and could generate double-digit annual revenue growth for years to come.
Originally named MoneyLion, SoFi was created when its founders were researching artificial intelligence (AI) at Purdue University in 2013. In 2017, the company's toxic work culture became public, and new management took over. This leadership team brought new growth plans that are still unfolding today.
SoFi Technologies is a combination of a fintech platform and a bank, helping its customers borrow money, save, and invest. This provides the benefits of diverse revenue streams and the ability to cross-promoting its businesses.
Source Fool.com
