These problems triggered doubts that SoFi could evolve from staying just An additional bank, and whether or not sustained profitability was even doable.
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With Having said that, I also Imagine valuing SoFi on a selling price-to-earnings (P/E) basis isn't going to make a lot of sense at the moment, looking at GAAP profitability is a comparatively new point for that organization.
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Let's dig into SoFi's enterprise and check out why now may check here very well be a beneficial prospect for extended-time period buyers to scoop up some shares.
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