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The paragraph after gives more context: "The cost of that revenue growth swung LendingClub from profit to loss. In The first half of 2013, LendingClub had net
by frankdenbow 12y ago
The paragraph after gives more context:
"The cost of that revenue growth swung LendingClub from profit to loss. In The first half of 2013, LendingClub had net income of $1.74 million. In the same period this year, the company lost $16.49 million.
The company’s sales and marketing costs jumped from $16.12 million to $39.81 million when comparing the first half of 2013 and the first half of 2014."