LendingClub's Learning Curve on Business Transition

The video discusses Lending Club's financial difficulties, including a goodwill write-down and incentives to retain investors, leading to a messy quarter. The resignation of the CFO, described as planned, caused initial market concern but later stabilized. The video also covers the challenges in loan securitization and the decline in originations, highlighting the need for more investors to sustain growth.

What was one of the main reasons for Lending Club's messy quarter?

• A significant increase in loan originations

• A goodwill write-down from an acquisition

• A successful marketing campaign

• A decrease in operational costs

What was the market's initial reaction to the resignation of Lending Club's CFO?

• The stock price was unaffected

• The stock price reacted negatively

• The stock price remained stable

• The stock price increased significantly

How did Lending Club describe the resignation of their CFO?

• As a response to investor pressure

• As a planned resignation

• As a result of financial misconduct

• As a sudden and unexpected event

What challenge is Lending Club facing with its loan originations?

• An increase in interest rates

• A lack of investors like Alex

• A decrease in loan application approvals

• A surplus of investors like Jonathan

What percentage did Lending Club's loan originations decrease by compared to the first quarter?

• 29%

• 35%

• 15%

• 50%