refinancing, personal loans, financial services including banking now, so let's bring in sofi ceo anthony nodoy great to have you. you know, you guys are a bank, you got the charter in january, you opened bank services in february, banks and financial stocks are supposed to do well in a rising rate environment. how are you interpreting what's going on right now? >> yeah, i think us in the fintech landscape is looked at slightly differently than banks overall, but the reality is we have the same characteristics in our banking of lending businesses as traditional banks do but we have lower costs since we don't have branches. we also are 100% digital and so we do operate with a higher long term profitability relative to traditional banks. the thing i'd say about your introductory remarks is that the whole fintech sector has been taken down quite dramatically this year, as the sector went up, i didn't think there was a lot of differentiation among the companies and quite frankly, not a deep understanding of what companies did, and on the way down that's also the case and what we're trying to do is

. >> we've just hatd anthony nodo on a few days ago, talking about what he's going to do with the deposit base and perhaps with the interest that, you know, investors, savers can earn on accounts in a rising rate invarmt. especially given sofi now is a bank what does that do for them that gives themed a r an sad vantage over competitors >> it gives them a sticky officer is funding a lower cost relative to warehouse lines. we're selling whole loans in the market that's been continuing to rise costs are continuing to rise for those types of funding sources so, if they can lean on a deposit base to be able to grow and hold loans for a longer period of time, their earnings should move higher >> so, market cap is around 5 foit 5 billion what are the potential outcomes good for investors here? is this an area that's going to consolidate where perhaps somebody tries to take them out for their customer is base and technology or do you expect them to grow organically? >> organically i think they have bigger things they're looking at over the long term if they can establish a good capital base, whi

has been one of these momentum names, and by the way, we're going to be speaking with sofi ceo anthony nodo during this hour tomorrow, and we're going to discuss maybe what happened, but current environment for fintech, because a lot of them have sold off. we do have it down about 63% year-over-year. so $5.47 stock annual high $24. there seems to be no end in sight for peloton which is hitting a record low right now, $13.12 actually it's off the earlier record low here, after it posted a 23% drop in third quarter revenue due to lower demand for its exercise bikes, tread machines and lower subscriptions as well. total operating expenses did more than double that widened peloton's loss the equipment maker says it is piling up excess inventory and burning through cash. unfortunately, not piling up cash and burning through excess inventory. that's what i'm sure a lot of investors would have loved to have seen this was $129 stock over the past year, it's now $ 13.15. peloton also issued a dim fiscal fourth quarter sales outlook and it has just been a very rough year. brand new management here. o