Peer-To-Peer Lending Stake: How Google Sealed Its Market Lead
by Elisa Lemmola
With its entry into peer-to-peer lending, Google (GOOG) is solidifying its position as a technology powerhouse that has already dominated search engines and, mostly, mobile phones. This new development has helped push Google stock to the top of many investors' buy lists.
The peer-to-peer loan company Lending Club recently announced that Google and venture capital firm Foundation Capital had bought some $125 million of its shares from past investors on the secondary markets. With the stock purchase, Lending Club is now valued at some $1.55 billion, triple the value that investors had estimated the company was worth just a year ago. read more »
Get Seeking Alpha notifications with our iPhone App | Android App | iPad App
More on GOOG
Will Google Continue To Rise? by Proprietary Trading
Google Looks To The Crowd, Takes A Stake In Peer-To-Peer Lending by Renee Ann Butler
Walking On Google Glass by Quoth the Raven
Other articles that mention GOOG
5 Stocks Loved By Elite Hedge Fund Valiant Capital by Insider Monkey
Facebook's Phantom Revenue Could Be A Windfall by Scott Ryan
Microsoft: The Destruction Of Shareholder Value -- A Failure In Corporate Development by Ken Copley
Why are you receiving this? You subscribed to real-time article alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following GOOG: unsubscribe from all GOOG email alerts
This type of alert isn't helpful to me: unsubscribe from article alerts on GOOG
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001
No comments:
Post a Comment