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I wouldn't call SoFi a failed company (yet). They're still at roughly 10B valuation, same as what they IPOed at. That's actually pretty remarkable in this econo
by minwcnt5 3y ago
I wouldn't call SoFi a failed company (yet). They're still at roughly 10B valuation, same as what they IPOed at. That's actually pretty remarkable in this economy for a company that's still in pre-profit growth mode.
OpenDoor isn't that bad either, they're down 60% from IPO, but a real estate company being able to retain that much value with the massive hike in interest rates also seems pretty good (competitors have done much worse, e.g. Compass and Redfin).
- FireBeyond 3y ago> that's still in pre-profit growth mode. SoFi started operations in early 2011. How long are they planning to be in "pre-profit growth mode"?