SoFi Stock Faces Uncertainty as Lending Business Struggles Under Higher Rates and Debt Forgiveness Policies
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Relies heavily on student loan refinancing business which is at risk due to Biden administration's student debt forgiveness policies
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Would be negatively impacted if Federal Reserve maintains higher interest rates for long period
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Needs to diversify revenue beyond lending and focus more on Financial Services and Technology segments
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Stock dropped 11% recently due to concerning $750 million senior note offering, signaling potential financial issues
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Despite some upside forecast by analysts, risks around lending business and debt financing raise doubts about stock