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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
SoFi CEO Anthony Noto purchased $1 million in shares at approximately $17.88 each. The company projects a 30% revenue growth to reach $4.7 billion by 2026, with adjusted EBITDA expected to rise 52% to $1.6 billion. Meanwhile, Muddy Waters claims that SoFi has inflated the fair value of its loan portfolios. Nevertheless, SoFi has expanded its Loan Platform Business with new agreements totaling over $3.6 billion.