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SoFi is experiencing record Google Trend search volumes as more people search for information on the company. This is likely due to their high Savings APY of 3.75%, which has attracted a significant number of new members. In fact, we expect over 500,000 new members in Q4 alone. This influx of new members is especially important for SoFi, as they have a cross-selling flywheel of products, including the recently launched buy now, pay later and options offerings. This trend of record search volumes and new members is expected to continue in the future.
$SOFI #SOFI #studentloanforgiveness #galileo #optionstrading #payinfour #goldmansachs #jpmorganchase
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