31–40 of 137 posts
As someone who built the most popular iOS / Android app for Lending Club investors [0], I can tell you that since the CEO resigned - New users have fallen by 50% per month, although of course users to my app are a fraction of total new users, but you can extrapolate - Total net, users are withdrawing about as much money as users are putting in - The amount of loans purchased has dropped significantly So without a dou…
The latest disclosures Tuesday, uncovered by a company probe, found that in the last few weeks of December 2009, Laplanche and three relatives took out 32 loans for a total of $722,800. All but three of those loans were repaid in full over the next two months, implying they were taken out to artificially goose Lending Club’s loan origination numbers. If true, would that be considered fraud?
Nah, that's 'growth hacking' /s. Really, yes obviously that's fraud but apparently it's perfectly normal as long as you don't get caught . Artificially inflating the numbers whilst shopping for investments is definitely not acceptable. Pumping money around is an old trick to inflate the visible size of a company, some of these schemes are surprisingly hard to detect (the one here definitely isn't). I'm somewhat surpr…
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I have been able to pick up a phone and call the cab company for decades.
yeah, but unless you're in a city like New York (possibly a handful of others) the wait is FOREVER. In Phoenix it was routine to have to wait half an hour or more. Same in SLC. It's awful. Uber and Lyft reduced the wait to a fraction of the time with better, quicker and cheaper service.
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People have dreamt about on-demand car hailing for a long time, but it's always been a pipe dream - building the two-sided network is such too hard and too expensive, and a small network is just not worth using as a consumer. How is this not innovation?
on demand car hailing = taxis?
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on demand car hailing = taxis?
For me still this equation holds true. Taxes are abundant and cheap in Singapore. Riding in someone's car makes me uncomfortable. (But that is just me, I suppose)
So Singapore is one of a few cities where that's the case (NYC also -- Uber doesn't really work there. I was there for 8 days and requesting an Uber as a 10-15 minute wait. You can get into one of a million cabs that go by in that time. I gave up).
As someone who built the most popular iOS / Android app for Lending Club investors [0], I can tell you that since the CEO resigned - New users have fallen by 50% per month, although of course users to my app are a fraction of total new users, but you can extrapolate - Total net, users are withdrawing about as much money as users are putting in - The amount of loans purchased has dropped significantly So without a dou…
Do you think your users know you are doing analytics on their transactions?
In just world this would result in a prison sentence, banishment from stock exchanges, and revocation of their corporate charter. The fact that there is no capital punishment for companies, especially public ones, provides a moral hazard.
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LC has been bouncing up and down with 5-10% daily changes very frequently ever since the news broke about their security fraud and CEO departure. The 7% change today (given the general market rally today) likely means that the market sees this news as neutral.
Yeah, I'm not sure exactly what to make of it. Everything else I track is up 3-4% today, so that's why I view 7% as a positive outlook. But as you point out, it's a pretty volatile stock, so it may just be riding the rest of the market and got a little extra bump from volatility. But personally, I don't try to read tea leaves. Set my stop limits so I don't have to watch it like a hawk, set an alert for the upper limi…
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For me still this equation holds true. Taxes are abundant and cheap in Singapore. Riding in someone's car makes me uncomfortable. (But that is just me, I suppose)
The success of Uber in a city is directly proportional to how much taxis suck in that city. So Singapore is one of a few cities where that's the case (NYC also -- Uber doesn't really work there. I was there for 8 days and requesting an Uber as a 10-15 minute wait. You can get into one of a million cabs that go by in that time. I gave up).
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"Tesla is just growing off of government subsidies!" etc.
No, making cars was never outright illegal. Operating a cap company, (or rather an illegal one), without proper licensing was. Operating a hotel out of your house was. Nice strawman.