Author Topic: Why is Prosper losing so much money  (Read 4365 times)

priuspilot

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Why is Prosper losing so much money
« on: November 15, 2012, 05:41:23 AM »
.... And should prosper investors be concerned? I just looked at their quarterly statement ending Sept 30, and while their renevue is way up so are their losses.

YellowSeed

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Re: Why is Prosper losing so much money
« Reply #1 on: November 19, 2012, 01:01:17 PM »
My thoughts on Prosper are in this thread:  http://www.lendacademy.com/forum/index.php?topic=194.0 

Since the last post on the thread, Prosper's Q3 2012 has come out which did not provide any information for me to change my approach to Prosper.

Peter

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Re: Why is Prosper losing so much money
« Reply #2 on: November 19, 2012, 03:55:32 PM »
If you look back at Lending Club's financials when they were at a similar loan volume their expenses were climbing higher every quarter as well although their total expenses were less. While I am not worried I think Prosper should do a better job of managing expenses and I hope to see some movement in the right direction here soon.
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