Blog/News

On Deck Capital Shares Plummet

After record losses in Q4, online lender On Deck Capital¬†suffered a drop of as much as 24% in their shares Thursday morning. The abrupt drop led¬†Tybourne Capital, the company’s largest shareholder, to sell its entire stake.

Since the company went public two years ago, it has yet to gain profitability and reported a loss of $85.5 million in 2016.

Read more from Wall Street Journal.

Click to learn about lending options from Express Trade Capital.

Contact us for more information.