Shah Gilani
Shah'S LATEST HEADLINES
-
LendingClub Is in Big Trouble: You Were Warned
LendingClub Corp. (NYSE: LC), the first peer-to-peer lending site to go public, looked like a serious financial sector disruptor in December 2014 after its stock shot up 56% with its initial public offering (IPO).
Eight months later, I warned my readers about LendingClub's pitfalls. And again, only two days after the one-year anniversary of LC's IPO, I released another piece inspired by LendingClub, "I Warned You about 'P2P Lending' – And I Was Right."
I hope you listened to me.
Not only has LC's stock collapsed, but the company's also reeling from regulatory hits, it just announced a lawsuit with the Federal Trade Commission, and it's facing a class-action lawsuit over lack of material disclosures that should have warned shareholders the stock was vulnerable to investigations.
Here's how tight the vice clenched around LendingClub really is... - Here's What Really Drove Me Away from Stocks
- This Could Be the Boldest, Richest Market Move I've Ever Made
- Earnings Season Is Here, and There's One Way to Play It
- Wells Fargo Is Facing the Fire (and They Should Be)
- The Market Is Sending Us a Big, Red Warning Now
- This Is How the Pros Play the Facebook Lows
- This Isn't the End for the Tech Titans
- The Facebook Fiasco and Its Future
- The New Bank Regulations Are Great... If You Like Risky Bubbles