If you are familiar with the company, its stock plunged in 2022 because its lending partners are reluctant to commit funding for loans given the macro environment, to solve that issue, Upstart committed to finding partners who are willing to 'provide more reliable and persistent funding to the Upstart platform'. In the latest earnings call, the CEO mentioned that the company is in 'late stage discussions with multiple potential partners in support of this goal'
They also said that they hope to become profitable again as soon as possible since they've recalibrated the business.
What are you thoughts on this? Is this a sign that the company is about to turn things around?
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