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.