What Led to Lending Club's Undoing?

The video discusses the discovery of questionable loans at Lending Club, initially uncovered by a data science enthusiast. It highlights transparency issues and potential data manipulation by the company's management to present favorable investment outcomes. The video also explores the broader implications for the peer-to-peer lending industry and Lending Club's efforts to recover, including audits, a new CEO, and attempts to raise capital amidst investor skepticism.

What was the significance of the data found by the individual interested in data science?

How did the CEO's actions potentially impact the company's reputation?

What concerns were raised about Lending Club's business practices?

In what ways might the peer-to-peer lending industry be affected by Lending Club's situation?

What challenges does Lending Club face in raising additional capital?