daemon90

[daemon90 @daemon190]

SoFi stalls investors. SoFi stalls customers.

$SOFI — still chartered, somehow.

[daemon90 @daemon190]

@mrpennies1 Well, if I would guess correctly, a lot of people will sell and take profit from it. Rinse and repeat.

[daemon90 @daemon190]

@Kross_Roads Wonder how many people will take profit from that…

[daemon90 @daemon190]

@acolner @sam_badawi @FunOfInvesting It is overvalued. Especially since it got its charter in 2022.

[daemon90 @daemon190]

@sam_badawi @FunOfInvesting That’s not large. That’s less than the size of an atom — and a sharp contrast to Chase, Bank of America, PNC, Huntington, even some regional banks as well. $SOFI cannot be trusted as much since it is still fairly new.

[daemon90 @daemon190]

@indraredde I wouldn’t get too cocky about that… Sure the Fed rate cuts are probably gonna happen, but I stand corrected that Social Finance’s transparency is way more valuable for investors and consumers.

[daemon90 @daemon190]

@Kenmegan44 Oh, I would not say that. Too early to tell.

[daemon90 @daemon190]

@Tim_Sweeney_TAR The stock itself is highly volatile. If only $SoFi were to be more transparent with its investors, maybe it would not have been. Investors are customers too.

[daemon90 @daemon190]

@GrindeOptions A stock price is only as strong as investor trust. Strip that away, and all you’re left with is the balance sheet. $SoFi = $35B. JPM = $4.5T. One pin drop from JPM outweighs SoFi entirely.

[daemon90 @daemon190]

@kylewhitegoat It was Los Angeles Stadium at Hollywood Park. SoFi just rented the name. Branding ≠ balance sheet.

[daemon90 @daemon190]

@kylewhitegoat No peer-reviewed studies have validated the long-term viability of such moves in such bank.

[daemon90 @daemon190]

@kylewhitegoat Asset-light doesn’t mean risk-free. Where’s the transparency on delinquencies and charge-offs? Investors deserve the truth.

[daemon90 @daemon190]

@whale_llc Code of Federal Regulations (CFR), Title 12 (Banks and Banking), Part 1005. This is known as Regulation E.

[daemon90 @daemon190]

SoFi: YES or NO? Do Apple Cash terms override federal law? (Non-response = YES)

The OCC has the question. Everyone’s watching.

[daemon90 @daemon190]

For the record: this isn’t just about me. If SoFi can claim Apple Cash terms override federal law, it puts every consumer at risk. Regulation E exists for a reason.

[daemon90 @daemon190]

Closed Apple Cash to protect myself — $SOFI used its terms to dodge fraud protections. Now they hide behind Apple Cash policy.

[daemon90 @daemon190]

@Apple — $SOFI used your tech and terms to dodge accountability.

[daemon90 @daemon190]

@Apple — $SOFI used your biometrics to deny fraud protections, now hides behind Apple Cash terms. Either way, they’re using your brand to skirt the law.