SoFi Stock Dropped 17% in January -- Here's What Happened

This is why SoFi shareholders had a tough January and what may be ahead for the rest of the year.SoFi Technologies (SOFI 0.51%) began its life in 2011, focused on student loan refinancing. It expanded into other financial products during the next few years, but was primarily still seen as a student loan provider during its 2021 initial public offering (IPO) launch.Student loans proved to be a challenging business. Federal student loan payments and interest accrual were suspended from March 13, 2020, through ...