Why Is No One Talking About LendingClub Stock?

Billy Duberstein, The Motley Fool
·6-min read
Why Is No One Talking About LendingClub Stock?

It's been a difficult six years for LendingClub (NYSE: LC) as a public company. After coming to market in late 2014 as a new-age fintech platform at a $5.4 billion valuation, the company has since plunged to just a fraction of that, with a current market cap of only $850 million. LendingClub had set itself up as a peer-to-peer lender, with retail investors buying high-yield loans from borrowers.