[abfunders]

Read all about it! Read all about it!
https://www.ft.com/content/64062150-...e-efab61506f44

[Davincinc]

thast what they get for dropping thier brokers.

[abfunders]

Don't know if dropping brokers helped or hurt.
FC kept finding dailies stacked - bring in a broker, they start with FC, then they go to OnDeck, then to the 3rd/4th/5th positions funders and make a killing all along the way.

[golf2014]

Wow

[PicoDeGallo]

Based on the article, the losses weren't caused by loan defaults, it was expansionary activities....marketing and staffing.

[fundingsmbs]

I am sure some brokers were part of the issue. they would not have shed broker's if it was profitable.

[Nunya]

Yeah, this is not a reference to portfolio performance - trying to glean that from the headline is misleading. These are GAAP losses due to increased marketing, overhead, etc.

[ryan $]

Yeah, this is not a reference to portfolio performance - trying to glean that from the headline is misleading. These are GAAP losses due to increased marketing, overhead, etc.

And where did the increased overhead come from?

Ding ding ding, shedding brokers.