SoFi Technologies, a digital bank catering to consumers making at least $100,000 annually, has seen rapid growth, boasting over $45 billion in assets and a market cap of $34.6 billion. Despite its success, Ark Invest recently sold some SoFi shares, possibly to secure profits or adjust its portfolio before year-end. The stock’s high valuation, trading at 33 times projected adjusted EBITDA, raises concerns about its sustainability. With a substantial focus on consumer lending, SoFi’s revenue could be at risk in a weakening economy. Investors should weigh the risks before investing in SoFi.

Read more at Yahoo Finance: Cathie Wood’s Ark Invest Trimmed Its Stake in SoFi Technologies. Here Are 3 Possible Reasons Why.