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SoFi Shares Plunge 35% After Poor Q1, Short-Seller Attack

6/17/2026

Summary

Story summary

SoFi Technologies' shares fell 35% in 2026, sitting 47% below their November 2025 peak.
SoFi posted first-quarter results on April 29 that investors received poorly, prompting a stock dip.
A March short-seller report questioned SoFi's accounting practices, which management publicly disputed.
SoFi reported 14.7 million customers as of March 31, nearly triple its end-2022 base.
May CPI rose at the fastest pace in three years, reducing hopes for a Federal Reserve rate cut.

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Story summary

SoFi Technologies' shares fell 35% in 2026, sitting 47% below their November 2025 peak.
SoFi posted first-quarter results on April 29 that investors received poorly, prompting a stock dip.
A March short-seller report questioned SoFi's accounting practices, which management publicly disputed.
SoFi reported 14.7 million customers as of March 31, nearly triple its end-2022 base.
May CPI rose at the fastest pace in three years, reducing hopes for a Federal Reserve rate cut.