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All articles tagged with #sofi

SpaceX IPO Opens Retail Door Through Robinhood and Sofi, With High Demand and Platform Rules
business6 days ago

SpaceX IPO Opens Retail Door Through Robinhood and Sofi, With High Demand and Platform Rules

SpaceX is preparing for its IPO with potential retail allocations reportedly up to 30%. Access is outlined for platforms like Robinhood, SoFi, and E-TRADE (as well as Schwab and Fidelity), with varying requirements (COB/IOI, eligibility questionnaires, and minimum balances). Allocation is not guaranteed due to expected high demand, while Goldman Sachs leads and Morgan Stanley is a key co-manager; BlackRock is considering a multi‑billion-dollar investment.

via Benzinga|
#business#e-trade#retail-investors
Mom Battles SoFi in Court to Erase a $55K Private Student Loan
finance17 days ago

Mom Battles SoFi in Court to Erase a $55K Private Student Loan

A mother of two is suing SoFi to discharge a $55,000 private student loan after a mistaken “Congrats, your balance is $0” email coincided with a loan transfer, triggering a default and a lawsuit. Representing herself for two years, she uses AI to help draft filings and faces the emotional and financial toll, plus potential wage garnishment and credit damage if she loses. The story illustrates how confusing notices and loan ownership changes can push borrowers into lawsuits, a theme explored in Business Insider’s ongoing Student Debt Spiral coverage.

via Business Insider|
#consumer-finance#debt-relief#finance
SoFi Falls on In-Line Q1, Guidance Unchanged
business1 month ago

SoFi Falls on In-Line Q1, Guidance Unchanged

SoFi Technologies’ stock fell about 9% in premarket trading after reporting in-line Q1 earnings and reaffirming 2026 guidance with a GAAP EPS around $0.60. The results showed strong year-over-year growth across segments—financial services up 41%, Technology Platform up 27%, and lending up 55%—with double- to triple-digit originations, while management notes the deposit-funded model helps reduce risk even as investors weigh weakness in the Technology Platform.

via Seeking Alpha|
#business#deposit-funded-platform#q1-2026-earnings
business2 months ago

SoFi Pushes Back on Muddy Waters Report, Signals Possible Legal Action

SoFi Technologies issued a statement denouncing Muddy Waters' short-seller report as inaccurate and misleading and said it may pursue legal action. The company defends its GAAP-compliant financial reporting and regulatory status as a bank holding company overseen by the Federal Reserve and OCC, while accusing Muddy Waters of aiming to depress share value for short-selling profits. The release frames the report as investor deception and reaffirms SoFi’s commitment to transparency and shareholder value.

via SoFi|
#business#gaap#muddy-waters
SoFi Slumps After Muddy Waters Short Report Highlights Accounting Claims
business2 months ago

SoFi Slumps After Muddy Waters Short Report Highlights Accounting Claims

SOFI stock fell about 5% after Muddy Waters published a short report alleging accounting “abuses” and overstated loan performance, with adjusted default rates significantly higher than SoFi’s figures and claims insiders benefit from share issuances via prepaid forward deals; SoFi says CEO Anthony Noto has not sold shares. Despite Q4 2025 revenue of $1.01 billion, the stock has tumbled year-to-date and analysts remain cautious with a Hold rating and a roughly $26 target.

via TipRanks|
#accounting#business#muddy-waters
Muddy Waters accuses SoFi of dilution, debt masking, and misstatements
business2 months ago

Muddy Waters accuses SoFi of dilution, debt masking, and misstatements

Muddy Waters Research alleges SoFi Technologies uses financial engineering to dilute shareholders, disguises borrowings as revenue (including a claim of a $312 million unrecorded debt), and ties student-loan and secured-loan activities to management bonuses rather than genuine economic value, suggesting potential widespread misstatements and aggressive equity issuance to hit targets.

via Muddy Waters Research|
#business#dilution#financial-engineering
"SoFi Stock Faces Turbulence: Is It Time to Buy the Dip?"
finance1 year ago

"SoFi Stock Faces Turbulence: Is It Time to Buy the Dip?"

SoFi Technologies faced double price target cuts this week, with KBW and Barclays lowering their targets due to concerns over higher loan defaults. Despite this, SoFi's CFO and CEO remain confident in the company's financial health and growth prospects, citing strong underwriting practices and favorable credit trends. The stock, currently trading at a discount, is seen as a strong investment opportunity with potential for significant upside as the company continues to grow its financial services revenue and possibly ramp up lending in the future.

via Seeking Alpha|
#finance#fintech#loan-valuations
"SoFi, Albemarle, and MicroStrategy Stocks Drop Due to Convertible Bond Plans"
finance2 years ago

"SoFi, Albemarle, and MicroStrategy Stocks Drop Due to Convertible Bond Plans"

SoFi, Albemarle, and MicroStrategy have all seen their stock prices fall after announcing plans to issue convertible bonds, with Albemarle aiming to raise $1.75 billion, SoFi $750 million, and MicroStrategy $600 million through these offerings. The increase in convertible bond deals in the past 24 hours has totaled more than $5 billion, leading to concerns about dilution of existing shareholders' value due to the potential conversion of bonds into shares. The companies plan to use the raised funds for various purposes, including financing lithium mining operations for Albemarle and potentially purchasing more Bitcoin for MicroStrategy.

via Yahoo Finance|
#albemarle#convertible-bonds#finance
"SoFi Stock Surges on Positive Financial Report"
finance2 years ago

"SoFi Stock Surges on Positive Financial Report"

The Motley Fool's Parkev Tatevosian discusses the latest developments from SoFi Technologies and their potential impact on investors, while also highlighting the 10 best stocks identified by the Stock Advisor analyst team, which does not include SoFi Technologies. The Stock Advisor service has outperformed the S&P 500 since 2002, offering investors guidance and regular stock picks. Tatevosian, an affiliate of The Motley Fool, may earn compensation for promoting its services, but his opinions remain independent.

via Yahoo Finance|
#finance#investment#motley-fool