How can you have a company whose slogan is, "Get Your Money Right" when your stock is down 50% over 8 months and negative over a 5 year time frame?
I know a lot of people defend Anthony Noto and say he is an amazing CEO, but he is not doing his job. His job is to deliver shareholder value, and the facts show he has not.
April 30th, 2021 the stock closed at $16.94/share
Exactly 5 years later, the stock is trading intra-day at $16.15/share.
That is a negative shareholder return over a 5-year period.
The market has hit multiple all-time highs over the last 5 years, and is currently at/near all-time highs. Meanwhile, SoFi is trading at a 50% haircut from its all-time highs.
Yes, you can say the business is growing, and in some aspects it is. But, in other aspects, it is not growing at all.
Anthony Noto refuses to fire the head of Galileo, who has arguably done the worst job of anyone at SoFi. The so-called "tech" segment is completely abysmal.
Noto decided to raise $3.3 billion in the back half of 2025. Fine, no problem with that... except for the fact that SoFi has sat on that cash. They deployed a few hundred million to pay down warehouse loans (great decision), but the remaining $3 billion has not been utilized at all.
Additionally, Noto has the responsibility to provide guidance, and over the last 5 years, he has been so conservative that SoFi has delivered a triple-beat for 18 consecutive quarters. Some people may see that as a good thing. What that tells me is Noto is far too conservative and afraid of his own shadow. He isn't trying to set difficult targets for SoFi to meet. He wants to set easy targets and beat them. He has... and the market doesn't care because they know this is what he does.
At some point, investors have to realize Noto is the problem. His conservative guidance, stock dilution, failure to find new leadership at Galileo, and ultimately providing negative shareholder returns over 5 years is the ultimate sign of a CEO who is not getting the job done.
TLDR: Noto should be fired. Anyone else who has negative performance for 5 straight years would be fired from their job.