#Sofi #SoftBank #yahoofinance
Yahoo Finance Live anchors Julie Hyman, Brian Sozzi and Brad Smith discuss how SoFi stock is performing after SoftBank said it will sell part of its shares.
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Softbank lost 22 B last quarter that s why they sold, and SOFI is not expecting for the student loan business to resume in 2022, they stated in their earnings
It’s remarkable that the Administration has not made a decision with only weeks to go. It must be infuriating to those borrowers trying to plan a future or business. The POTUS seems to be playing the vote.
Oh, man. Do you guy do ANY homework? SoFi has said COUNTLESS times the student loan stuff is just a TINY part of their biz. The private student loans are all being paid back. It’s only Fed loans the freeloaders aren’t paying right now. What that’s doing is preventing SoFi from making money on the refi’s of those. They were averaging some 400 mill a quarter with that. Imagine how foolish this entire thing has been to all these people who could have refi’d those Fed loans to around 1% a year ago but where told (and lied to) that voting Democrat was going to mean cancelation of their loans. Now? Once they are forced again to start paying up, either end of Aug or Jan, they’ll pile into SoFi to refi those 7+% loans to 4ish% SoFi private loans. But seriously – how stupid? If you’re going to call yourself ‘news’, get the facts right.