SoFi CEO defends decision to hold guidance steady
Orientul Mijlociu
Monday - Friday, 6:00 - 7:00 PM ET Shares of SoFi plunged more than 15% Wednesday after the company declined to raise its full-year outlook — a move CEO Anthony Noto said reflects macro reality, not weakening fundamentals. "We did not raise the full-year guidance because when we originally gave the full-year guidance, we were anticipating at least two Federal Reserve rate cuts," he told Jim Cramer . "And now we're assuming that there will be no rate cuts." The digital finance company reported
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