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Facing Tougher Times, Prosper Marketplace Is Making Deep Staff Cuts

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The moves comes as the firm is working to account for declining loan volumes. Changing market conditions (and some higher-than-expected default rates) have changed the math and softened investor interest some. billion in it last fundraising round last year, as of yet, the firm has not actually been profitable. billion to $6.1

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The ‘Nine Deadly Costs Of Fraud’

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Kount’s latest report “Calculating The 9 Deadly Costs Of Fraud,” does the math – and emphasizes how not managing fraud digs heavily into profits. In fact, fraud losses as an overall percentage of revenue nearly doubled in 2015 as a result of lost or stolen products, according to Kount.

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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

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Any Mastercard debit cardholder can soon send money to any other person with a bank account in any bank across the U.S. – all 14k of them – and have that money deposited into that receiver’s bank account instantly. Jet.com is not profitable and has no clear path to profits, critics say.

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Transcript: Steven Klinsky

Barry Ritholtz

But as a private equity owner, again, first of all, you do invest heavily of your own money in the transactions, plus you have additional ownership through, you know, the carried interest, the profits interests. You got 60 percent of losses ahead of you. KLINSKY: Why would I take more than the value of the accounts receivables.

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Transcript: John Hope Bryant

Barry Ritholtz

So I knew what Bank of America was because my mother, it was a big deal to go to the bank and open a passport account, or to go there with my mother every couple weeks, and have, or my dad to make an appointment with a local, the local branch banker might have been the mayor, I mean, he was a very important guy back in those days. “Yes,

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Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature.

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Transcript: Dominique Mielle

Barry Ritholtz

By ’08 and ’09, look, there were bankruptcies everywhere in every industry from retail to telecom. What accounts for the difference between the two in your experience working on the trading desk? It’s a matter of making better decisions and being more profitable. MIELLE: Yeah, that kept — RITHOLTZ: Which is crazy.