U.S. stocks end the day mixed as the S&P 500 pushes further into record territory. It seems like SnapChat CEO, Evan Spiegel, made a good decision when he turned down Facebook’s (FB) offer to purchase the company for $3 billion, as SnapChat is now valued at more than $10 billion. The company recently fetched a huge round of funding from one of Silicon Valley’s most powerful investors. LendingClub, the largest provider of peer-to-peer loans in the U.S., announced plans to raise approximately $500 million in the form of an IPO. LendingClub is extremely popular due to its primary focus on consumer loans.
LendingClub Files for IPO; SnapChat Valued at More Than $10BBy: InvestorGuide Staff, dated August 27th, 2014
Recent Commentary and Articles
- Dow Sinks 238 Points; Pharmaceutical Stocks Up
- TravelCenters of America (TA) Drops on Lower Earnings
- September’s Bad Rep for Stocks Lives On; Microsoft Unveils Windows 10
- DreamWorks (DWA) Rumored to be in Talks with Softbank
- PIMCO to Lose Billions on Gross’ Departure; Einstein Bros. Up 50%
- What Can We Learn About Forex Trading From Crocodiles?
- Micron Technology (MU) Up 7 Percent on 4Q Earnings