Jim Chanos: We Were Short LendingClub

The video discusses shorting stocks, focusing on Lending Club. It highlights issues with the company's model, which led to a significant stock decline. The speaker mentions closing the short position but refrains from further comments.

What was the initial topic of discussion related to the stock market?

• The benefits of long-term investments

• The impact of a major event on Lending Club

• The importance of diversification

• The rise of cryptocurrency

What was the primary reason for shorting Lending Club?

• High competition in the market

• Problems with the company's model

• Lack of investor interest

• Regulatory issues

What was the outcome of the stock related to Lending Club?

• It significantly increased in value

• It was acquired by another company

• It remained stable

• It completely blew up

What action did the speaker take regarding their short position?

• Increased the short position

• Closed the short position

• Held the position

• Converted to a long position

Why did the speaker refuse to comment further on the short position?

• They were legally restricted

• They had no further information

• They chose not to disclose more information

• They were unsure of the details