DISQUS

Patrick · 1 year ago

I'm not so certain Prosper is dead. I think they will come back strong if/when their secondary market is approved. The P2P market is changing though, and I think it has a decent future. With many credit streams drying up, people will look to alternative methods of getting loans. And don't forget about Loanio which was late to the party, but still has time to make an impact in this fledgling industry. I think it will be an interesting few months for the industry.
Lazy Man · 1 year ago

Thanks for the link, but did you have to steal my title ;-)
Steve · 1 year ago

I did - that's why I put the link to your article in, to make sure you'd notice :)
David · 1 year ago

I feel very optimistic about it, honestly. It's important to note that, since the "quiet period" is to allow the SEC to approve *selling* of loans, that it's actually a sign of these sites' success, not failure. If they can afford to suspend new accounts for 6 months...wow. And afterwards, they stand to make only more money as a wave of small loans are sold on the market.
Tom · 1 year ago

Like I mentioned on Lazy's site, Prosper isn't dead. They will come back from this stronger and better than ever. This is a good thing - not bad.