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September 01, 2020 1:32pm
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SoFi stock dips after Social Capital CEO Palihapitiya says he sold 15% of stake

Shares of SoFi Technologies Inc. were off 1.3% in premarket trading Friday after Social Capital Chief Executive Chamath Palihapitiya said that he sold roughly 15% of his stake in SoFi "to build up some cash reserves and fund several new investments."
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