Peer-to-Peer Lending Gains Support of Veteran Bankers

The video discusses Yelp's challenges with sales and competition, highlighting the impact of online advertising and user-generated reviews on its business model. It then shifts to peer-to-peer lending, featuring insights from veteran bankers and the potential impact on financial services. Finally, it covers Tesco's financial troubles, including an accounting scandal and its implications for management and investors.

What challenge is Yelp facing according to the discussion?

• High operational costs

• Increased competition from local online advertising

• Lack of mobile presence

• Decline in user-generated content

What is a potential benefit of peer-to-peer lending mentioned in the video?

• Higher interest rates for lenders

• Increased regulation

• Guaranteed returns for investors

• Lower cost of credit for poor households

Who is one of the veteran bankers involved in peer-to-peer lending?

• Jeff Bezos

• Elon Musk

• Warren Buffett

• John Mack

What was the impact of the accounting scandal on Tesco's earnings?

• A 5% drop in earnings

• No impact on earnings

• A 10% increase in earnings

• A 41% drop in earnings

What action is suggested for Tesco's management in response to the scandal?

• Step down and reorganize

• Increase marketing efforts

• Invest in technology

• Expand into new markets