It was decision really to keep the pipe line moving and not to sort of defer it. We are not every loan that is approved on our platform, it is known what bank is originating it. And if that bank is not going to hold ot themselves, then what investor will have it after the fact? So there's never where there's loans sitting around and we are left with them.
Upstart Holdings is a lending platform, powered by artificial intelligence. Shares are down more than 70% year-to-date. It’s down, but not out. CEO Dave Girouard joined Motley Fool CEO Tom Gardner to discuss: - How Upstart is using its balance sheet now - Growth opportunities in auto lending - One stock idea (that’s not his own company)
Stocks mentioned: UPST, AMZN, AAPL, ZM, GOOG, GOOGL
Host: Tom Gardner Guest: Dave Girouard Producer: Ricky Mulvey Engineer: Dan Boyd, Adam Landfair
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