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Author: BenSolar   😊 😞
Number: of 137 
Subject: Board Request: Upstart Holdings Inc (UPST)
Date: 12/22/2022 1:55 PM
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First off, I'll use my initial post here in Shrewdom to thank Manlobbi, profusely, for providing these boards. Thank you, thank you, thank you. I am amazed! Huzzah!!!

Upstart is a fascinating company to me, and, I think, to many others. It's now a small-cap: $1 billion market cap, but in the not very distant past that number was a LOT bigger. They are applying AI to qualifying people for loans, a matchmaker between lender and borrower, taking a small slice of the pie.

They were a popular Saul stock that had incredible growth, and actual profits! Then over the last year, their business dried up with the rate hikes and lenders/investors fearing a coming recession, so they're losing money now, but are still expanding in some ways: into auto lending, small business lending, small dollar amount lending, and intend to move into the biggie: mortgage lending. Maybe they'll rebound in a huge way when the interest rate and lending environments improve?

Anyway, there was never an UPST board at the Fool, and Saul banned discussion on his board since it wasn't a growth stock anymore. I'd like to see if we can get some discussion going here.

Thanks again, Manlobbi!
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