Detailed view for this entity.
Sorted into three lenses: who is speaking, what is being said about them, and where they are aligned or in conflict.
Claims where this entity is speaking directly or being quoted.
Subject
Quote from Video
Muddy Waters put out a short report on SoFi that raised some serious concerns. It claimed the company may have at least $312 million in debt that hasn't been recorded.
“Muddy Waters put out a short report on SoFi that raised some serious concerns. It claimed the company may have at least $312 million in debt that hasn't been recorded.”
Subject
Quote from Video
It also argued that SoFi's adjusted IBIDA reported at about a billion may be overstated by about $950 million due to several accounting adjustments.
“It also argued that SoFi's adjusted IBIDA reported at about a billion may be overstated by about $950 million due to several accounting adjustments.”
Subject
Quote from Video
Muddywaters Research is an investment firm that is famous for shortselling. It means it takes positions against companies that it believes are overvalued or misleading investors.
“Muddywaters Research is an investment firm that is famous for shortselling. It means it takes positions against companies that it believes are overvalued or misleading investors.”
Subject
Quote from Video
Then it publishes detailed research reports that can draw a lot of attention and move both sentiment and stock prices. So, it's not unusual for a report like this to create some volatility.
“Then it publishes detailed research reports that can draw a lot of attention and move both sentiment and stock prices. So, it's not unusual for a report like this to create some volatility.”
Subject
Quote from Video
Moneywaters argues that the company may be underestimating those loan losses, estimating the real charge off rate closer to 6.1% instead of the 2.8% that was reported.
“Moneywaters argues that the company may be underestimating those loan losses, estimating the real charge off rate closer to 6.1% instead of the 2.8% that was reported.”
Subject
Quote from Video
The report also questions the student loan segment. Specifically, it points to a low discount rate that help generate around 247 million in paper gains.
“The report also questions the student loan segment. Specifically, it points to a low discount rate that help generate around 247 million in paper gains.”
Subject
Quote from Video
Muddy Waters noted short seller in the past month has put out two reports about SoFi claiming that you're looking at a company that is engaging in financial engineering.
“Muddy Waters noted short seller in the past month has put out two reports about SoFi claiming that you're looking at a company that is engaging in financial engineering.”
Subject
Quote from Video
suggesting that they've overstated profitability to the tune of $1 billion.
“suggesting that they've overstated profitability to the tune of $1 billion.”
Subject
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they responded just this past weekend saying, 'Look, here's part two. We have 11 questions.'
“they responded just this past weekend saying, 'Look, here's part two. We have 11 questions.'”
Subject
Quote from Video
Muddy Waters is calling out several things that I think bulls investors in the stock.
“Muddy Waters is calling out several things that I think bulls investors in the stock.”
Subject
Quote from Video
SoFi was hit with a shore report from Muddy Waters on Tuesday. And this is actually one of the more interesting short reports I've seen from Muddy Waters.
“SoFi was hit with a shore report from Muddy Waters on Tuesday. And this is actually one of the more interesting short reports I've seen from Muddy Waters.”
Subject
Quote from Video
They're accusing SoFi of something very specific.
“They're accusing SoFi of something very specific.”
Subject
Quote from Video
They don't think this is a company that is going under completely. They just think that some of the gains recently on some of their sales of assets have been overstated.
“They don't think this is a company that is going under completely. They just think that some of the gains recently on some of their sales of assets have been overstated.”