Lending Club had an innovative product when it launched in 2007.
In 2017, though, the product has been commoditized and Lending Club has no edge.
Marcus by Goldman Sachs, a new competitor, is especially formidable.
Not much reason to expect Lending Club to flourish in the new, highly competitive environment.
When it started in 2007, Lending Club (NYSE:LC) offered an innovative product: unsecured personal loans, applied for and disbursed over the internet. Although Prosper was an also-ran in the same space, the real