Seeking Alpha Author Billy Duberstein joins Cheddar to discuss why he has a positive outlook on Lending Club, an online platform connecting borrowers and investors. Duberstein talks about challenges the company has faced in the past, and how it's adjusting internally
Lending Club went public in August of 2014 at $15 per share, but has dropped down to around $4 recently. Duberstein talks about highlights from its investor day on Thursday, December 7th.
He says Lending Club is three times bigger than Prosper, the second-biggest pure marketplace model, which is still private. Lending Club and Prosper are the oldest and have the most data. Other competitors that use their balance sheet are Discover, SunTrust, Lightstream, and Goldman Sachs' Marcus product, which are all growing, but still not as big as Lending Club.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.
Jeremy Fox-Geen, the Chief Financial Officer at Circle, joins Cheddar for a one-on-one interview as the company's stock surges on its first day of trading.
A unanimous Supreme Court has made it easier to bring lawsuits over so-called reverse discrimination, siding with an Ohio woman who claims she didn’t get a job and was demoted because she's straight.
