Regarding LC I've become a well known perma-cynic. They have never been transparent on these things.
LC Folio could go the Prosper way for all we know.
Why is it thought the API is down by fault rather than intent and why think it will be restored? They have so much bigger fish to fry.
They just bought a bank before banks crashed. My uninformed speculation is they must have vastly overpaid as compared to today's valuations.
Can they get out of the deal or renegotiate? Their idea was good but massively overtaken by events (extremely unfortunate and not of their making).
My theory is not backed up with any financial / balance sheet analysis at all and may be totally off base.
Anybody who has a better ground truth, or at least an opinion with some numerical analysis, please set me straight.
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