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Sofi Stock (#sofistock) recently announced the vote for a REVERSE STOCK SPLIT. #SoFi announced its agenda for its annual shareholder's meeting. The 5th proposal on the agenda in particular has SoFi Stock Shareholders shaking, that proposal is to “To approve an Amendment to the Company’s Certificate of Incorporation to give the Board of Directors discretionary authority to effect a reverse stock split”. This would give SoFi's board of directors the ability to EFFECT A REVERSE STOCK SPLIT. Is a reverse stock split good or bad for #SOFI? In this Sofi Breaking News video, we look at SoFi's reverse stock split and compare it to that of Citi Bank to see how exactly this could affect SoFi's Stock price. Not only that but we go over the PROS of a stock split and the CONS. If you like this video then make sure to SMASH that like button for the youtube algorithm! On this channel, we cover all things sofi/sofi stock from sofi breaking news to sofi fundamental analysis! TIMESTAMPS 00:00 Is SoFi Making A Fatal Mistake? 00:18 This Vote Is To Authorize The Board To Do A Reverse Stock Split 00:36 Do Reverse Stock Splits Increase Ownership Percentage 00:50 Could Reverse Stock Split Be A Good Or Bad Thing? 01:02 SoFi Seems To Be Recovering.. For Now 01:27 Video Overview 01:46 The Technical Details Of Reverse Stock Split 02:45 Pro #1 Appealing To Institutional Investors 03:19 Pro #2 Earn The Trust Of The Market 04:17 Reverse Stock Split Explained 05:08 Con #1 The Reverse Stock Split May NOT Increase The Price Of SOFI’s Common Stock Over The Long Term 05:37 Con #2 The Reverse Stock Split Could Signal Weakness 06:22 Will Reverse Stock Split Give Bears More Ammunition? 06:45 Why Companies Do Reverse Stock Splits 07:00 Hit That Subscribe Button 07:19 Are Reverse Stock Splits Red Flags? 07:38 Our Take On The Reverse Stock Split 08:10 Amazon Stock Price Was At $6 08:29 Citi Group Falls Below $1.. [Reverse Stock Split] 09:11 Comment Down Below 09:28 The Aftermath Of Citi’s Reverse Stock Split 09:50 How Citi’s Reverse Split Relates Back To SoFi 10:15 Warren Buffet Loads Up On Citibank 10:39 Follow Our Social Media @wealthgambit 10:52 Special Shoutout To Everyone In Our Patreon 11:16 Share Your Thoughts WEALTH GAMBITS Favorit Credit Cards!: 💠💠💠Signup For the AMEX Platinum Card or Venture X here... (Signup Bonuses do change over time so always double-check..)💠💠💠 ✅💠💳 100,000 Point AMERICAN EXPRESS PLATINUM Card Bonus: http://refer.amex.us/EDCwoKR?XL=MIACP ✅💠💳 75,000 Mile Capital One VENTURE X Bonus: https://capital.one/3DzglTj We are not financial advisors so please always do your own due diligence #sofireversestocksplit #sofistock #anthonynoto #sofiannualshareholdersmeeting #sofishareholdermeeting #sofimeetingagenda #sofistocksplit #fintech #stockstobuynow #stocks #fintech #sofibank #sofi #sofibreakingnews #sofinews #sofidaily #wealthgambit #stockmarket Follow us on Social Media 📱 Instagram - WEALTHGAMBIT Facebook - WEALTHGAMBIT Twitter - WEALTHGAMBIT Reddit - WEALTHGAMBIT FTC Legal Disclaimer - Some links found in our description box may contain affiliate links, meaning we may make a commission on sales you make through the link.