I CANT HOLD BACK ANYMORE... THIS IS SO DUMB...

SoFi technologies Inc .....end of debate, nuff said!

You didn't miss much honestly. You've heard both sides like the rest of us ad nauseam lol. Basically an unstoppable force meets an immovable object. Steve and Amit basically arguing the current narrative and Tannor and Chris arguing the future potential. It was like nobody actually knew what the debate topic was and kept arguing what they thought the topic was. Each sides argument kept going over the other sides' heads.

At the end of the day it doesn't matter if they are a "tech company" or not. What matters is, are we buying shares of a company that has high future growth potential. That's it! Lol

yep, you can't put an end to it, because it will continue to evolve; surely i'm not the only one to suggest this.

it was more of a very awesome discussion...

Haha YES it's been FIVE years. I'm growing weary..

Now that Sofi has fully implemented Galileo and technisys, will they demonstrate the value of this technology stack with rapid innovation?

Thanks Tevis.. personally F bored of the discussion around this and I want it put to bed. SOFi in my opinion is still doing well how ever it is seen as a company. Eventually improvements in the business will be rewarded

I watched the debate and found it informative. The conclusion that Sofi is undervalued and a good investment if you are patient. I view it as a high growth financial company with the potential to become the tech company that we all want. To me, this is a sweet long term investment that has been tested and now has tailwinds behind it. I think people should be careful with recency bias because I think the long term outlook supported by its historical data could really shake people out with a repricing. Kinda like how you gave up on PLTR and missed the true price discovery. My conviction in the company has only grown personally and I continue to buy the dips because I still think this is one of the best risk/reward setups in the market.

Amit arguments are hilarious. He's only worried about meme stocks like hood and grab. Who cares about numbers and triple beat each earnings but why hasnt noto not interviewed yall hahah. He should interview vlad and ask if he will ever restrict buying certain stocks like he did during the amc/gme craze.

So, so tired of this. For the sake of the community can they cool it for a while

It's so tiring for them to go on and on about this. It's more tiring to listen to Tannor almost getting vindictive about his stance and exhibiting frustration when his opinion isn't agree with. However, Amit's stance on Sofi not doing enough podcasts and it's resulting in stock price not going up is also ridiculous. I have more in Sofi than Hood amd I don't really care whether Sofi is tech company or not as long as they continue to execute and show growth. That's all that matters at this point.

Well said mate. I watched the debate with Steve etc and while both sides have strong points technically they are both right lol. This just gives us a longer time to build while the tech side starts to get pumping 💪

Steve and Amit need to STFU. Sofi is a great company.

The debate was pointless yet great at the same time.
The whole debate is due to AWS of fintech and noto saying top 15 by market cap tech company.
Both sides of the debate were correct at the same time yet arguing different perspectives.
1. Steve is correct. Sofi isn’t a true tech company but a bank that uses tech. Can’t be a top tech company with such small percentage of revenue from “tech platform”.
2. Amit is correct that noto doesn’t reach out retail like Karp and Vlad and if he did, it would inspire more retail and Wall Street discussions about the business. Noto has been great in navigating the business in tough times but doesn’t interact as much as he should.
3. DDI was most important with the contribution margin charts. That’s the future of the business. That’s the key to why it will be a great investment in coming years. If they continue with contribution margins, grow tech, and more communication. The stock will reflect the overall progress.
Even though most loans don’t touch the BS now, the bank charter will always put a drag on the multiple. Until tech platform itself grows and they continue to make fee based revenue to change the narrative away from being a bank. Communication to wallstreet to explain how they don’t depend on the BS to lend due to LPB is when the stock will move as fee based revenue rises.

SoFi technologies Inc says it in the name.

Bullish despite tech but the points made by Steve and Amit are valid as to how much of a multiple we will get until the tech platform itself grows and Sofi communication. The LPB gets is a higher than normal “bank multiple” based on balance sheet lending not being a constraint. The tech software sold and used by other companies leads to more recurring revenue and a higher multiple. Noto sharing how he sees the business growing and getting more investors educated and excited about the business get even more multiple. The great contribution margins shown but DDI show us the fundamentals and why we should hold for the future. Amit and Steve’s points show us why we don’t get that cult following of shareholders and crazy valuation for something such as PLTR. All valid, all important to get the most for our shareholders long term

The dumbest debate ever. Answer Is NO.... currently, and YES.... they are on their way and will become. If they are currently a Tech company, then my Credit Union is also a Tech company and any company with a webpage is a tech company because they would be earning income from their site and advertising.

Appreciate the book end and hopefully last time this conversation has to be had. I definitely fall into the second bucket of “bullish in spite of the tech story”. Originally I came to it for the tech, but I’ve grew my position because they execute like crazy even in bad macro and the FS growth is excellent.

If a soda company earns 13% of their income from soda and 87% of their income from Water, they're a soda or water company ?

It’s a bank but I am holding my 3000 shares for another year mid 2026 and if nothing happens hope this is at 20 at least I can take some good profits

I’m 101% with you on this. I’m glad you and Roy didn’t join the live. I’m so sick of that topic — such a waste of time.

Good video Tevis. SOFI is getting way too much attention on these channels. I long saw it as opportunity cost and moved on. Noto isn't engaging and communicating in a way that helps the market. There are reasons for that. I've mentioned them many times, and don't want to mention it again. After years of triple beats, only to find the stock responds by going down, I was humble to realize that if in this bull market where so many stocks triple within months, SOFI is still undecided - it tells me all I need to know. I lost my excitement of this stock. FYI: LFMD has 2.5X YTD. Mentioned it to you before. I'm much happier with that stock. Personally, I hope SOFI will get less coverage on these channels, I just don't see the excitement. Same for PYPL. I also would hope HIMS, NVDA, GOOG and AVGO can get more coverage - all much more exciting to me. Thanks much.

Saved time to skip that 2 hour long debate that I have heard multiple times in Livestream

no matter what SOFI will make millionaires. end of discussion

I HATE SOFI
WILL NEVER INVEST INTO THIS TRASH

They have a tech/digital platform but it is a bank risk/finance.

I hold SOFI stock because (wait for it) Anthony Noto could've stayed with the NFL at the top executive level and made all kinds of money being around a sport that he loves (he was team captain on the Navy football team), but he's with SOFI. SOFI doesn't have brick and mortar, everything is handled electronically. Americans LOVE credit debt and they have a credit card offering. I really don't care what Wall Street thinks.

Great reaction video

Awesome video, Tevis – wish you'd been at the debate! You explained it so clearly with that decision tree, and you brought in some much-needed nuance.

It’s a bank 😂

It’s an online bank and the website is not attractive to new customers.😂

really like your 4 buckets flowchart, simple to know

imo the debate helps to solidify my understanding in both sofi and hood strength and weaknesses. Good for new investor as well.

Entertaining too, at least they are friends and wont end the debate by calling each other retards or flash their gains.

F it, SOFI is a techno bank.

I can't watch any of you anymore. you all have spent more than 3 years talking about the stock of a company that's gone nowhere in the biggest bull market in history.

great analysis thanks

Many people are simply too impatient. Yes, Noto may have promised too much with “the AWS of Fintech,” but in my opinion, shareholders will be rewarded for their patience by 2026 at the latest.

Beautiful video.

Thank you. I enjoy watching your videos, very articulate and straight to the point.

I CANT HOLD BACK ANYMORE.. ME NEITHER!

really enjoyed this video , really well broken down and good points. long sofi bull companies doing amazing yesr over year no matter what carsgorie you put it in

SoFi is just a bank

I'm still in cuz i'm stubborn

AMIT and Tanner disagree with you... I'm not sure what Jeremy or Felix & friends think of SOFI in terms of tech vs. finance....My 10 stocks that I hold - Hood, SOFI, PLTR, NVDA, HIMS, TSLA, AMD, MU, SHOP and BROS

SOFI is a bankrupt student loan company, with shady leadership, with a bunch of Fanboi’s.

Great vid Tevis!

Call it whatever you want, at the end of the day it has been dead money that can’t break $14. Yes, it has doubled, but to clarify, that is after falling from $22 to $7.

SoFI is not a tech company. It’s only a tech company in the same way that every other bank is a tech company. I also do not accept the idea that in a few years they will start winning lots of tech deals. If they do not have relevant tech now then it’s very unlikely they will have relevant tech in 2 years time. SoFI is a bad investment, fact. AWS of finance is a joke 😂

it does not matter if SOFI is tech, financial or a fintech.... SOFI is being used as a carry trade. Shares are too cheap to borrow and investors are using revenue from the short sale to go long in other places with little risk because SOFI never releases earth shattering news to cause a squeeze. As long as the float is huge and the cost of borrow is basically ZERO Sofi will act that exact same way regardless of earnings or if they are a tech company etc. etc...

Great video and you described myself perfectly well. I bought my shares many years ago under the premise of a successful tech company. Having said that, I haven't bought more share but I haven't sold either. That is because I'm impressed on how they managed to turn things around in 2020/2021. I believe they will do that once again and become a tech company soon. My ultimate goal is to get rewarded with a hybrid multiple.

Thank you for the TLDR version. 2 hrs of tech vs not is a bit too much for me. I was in SOFI for years and sold all my shares a couple of quarters ago (~16) after concluding myself its just a bank. All of those proceeds went into adding more to Hood shares. I agree the market is pricing it as a bank (price, multiple, price to book, etc). However, recently got back into it (~13.5) and my goal is to just generate covered call premiums. Thanks for the video.