SoFi Stock Falls After Muddy Waters Short Report as CEO Anthony Noto Buys More Shares
SoFi Technologies shares fell 1.3% Tuesday after Muddy Waters Research disclosed a short position and accused the company of misstating debt and profit. CEO Anthony Noto bought about $500,000 of stock after hours, briefly lifting the price. Muddy Waters claimed SoFi had $312 million in unrecorded debt and overstated 2025 EBITDA by $950 million. SoFi reported lower charge-off rates and $1.05 billion in 2023 adjusted EBITDA.