Subject: Re: Any hope still?
...wondering if people who follow the company more closely have any insights into why Upstart
hasn't done better, and whether there is some reason to still be optimistic about this company...

I've been long Upstart for several years and follow it closely. When you ask why Upstart hasn't
done better, I take it you mean why hasn't the stock done better. Two quick answers -- (a) a few years
ago the stock was crazy overvalued and (b) there's a lot of smart money that for the last two years
has been heavily betting on Upstart's demise.

As for reasons for optimism about Upstart, I'd shelve stock performance for the moment and focus on the
business. How does it create value? How has it performed and what do we expect going forward? There's a
lot to unpack there with no easy answers.

Ears