Upstart isn't living up to it's hype, and it's clear.
Time to face it... loan origination and margins being impacted is a huge red flag. "Institutions aren't underwriting"... not exactly true, given Lending Club isn't facing this issue with it's Marketplace revenues.
Lending Club is also expanding with the loans on it's books, meanwhile Upstart is writing them down, causing them to have a net loss. The writing is on the wall here, imo.