lending

For Renaud Laplanche, founder and chief executive of Lending Club, things are looking up -- or more accurately, up and to the right.

That's the desirable direction that the startup's finances are heading at present. Lending Club connects investors who have money to lend with borrowers who need it, making money on fees as it goes. Of late, the value of the loans it's arranged has been increasing at 9 percent each month. In May, the San Francisco-based company funded $148 million in loans, and Laplanche expects 2013 will total $2 billion.

Laplanche, a 42-year-old born in … Read more

Some audiophiles swear that cables can make or break the sound of their hi-fis, while others poo-poo the idea and use the cheapest hardware store wires. The debates have raged for years, but the only way to really know for sure is to try a set of high-end cables in your system. When I sold hi-fis for a living, I convinced a lot of reluctant customers to buy a set of cables, with the promise I'd refund their money if they didn't hear a difference. The majority of them kept the cables; even some of the most skeptical … Read more

Google has dropped a significant investment into loan-pairing company Lending Club, the companies announced today.

Lending Club announced today that Google has invested in its operation to take a minority stake in the company. Lending Club didn't say exactly how much Google invested, but did say that it was part of a $125 million round of financing. Google and another investor, Foundation Capital, acquired shares from existing investors.

Since its founding in 2007, Lending Club has been growing significantly. The company facilitates loan transactions between those who need cash and those who are willing to dole it out. Lending … Read more

PARIS -- Lending Club, a startup that connects people who want to borrow money with those who want to lend it, is profitable and plans to go public.

Chief Executive Renaud Laplanche discussed the initial public offering at the LeWeb conference here. "We're planning on going public in the next few years," he said in an on-stage interview, then confirmed he'd earlier said 18 months.

An IPO of course brings new funds, though Lending Club currently has $50 million in cash, but Laplanche said he wants to go public for the higher profile it brings. "… Read more

As promised, all seven "Harry Potter" books are now available in Amazon's Kindle Owners' Lending Library.

Amazon announced last month that it had inked an exclusive licensing deal with J.K. Rowling's Pottermore to make all seven "Harry Potter" books available through its lending library. The books are available to Kindle owners who also subscribe to Amazon Prime. Amazon promises an unlimited supply of the books, so users won't find a book checked out.

"Nowhere else can customers borrow any of the seven Harry Potter books for free, with an unlimited supply … Read more

In today's show, we're Binging our friends, casting spells in Kindle's library, and bracing ourselves for the return of the browser wars:

Microsoft's Bing search engine now includes Facebook integration. When you search for something on Bing, a side panel will pop up and show which of your friends might help you with your search. So for example, if you search for hotels in Chicago, Bing will point out which of your friends live in Chicago.

Microsoft is also in the news today for stirring up the browser wars again. According to Mozilla, Microsoft is preventing … Read more

All seven books in the "Harry Potter" franchise are coming to the Kindle Owners' Lending Library.

Starting June 19, Amazon Kindle owners who also subscribe to the company's Prime service will be able to check out the titles at no charge from the Kindle Owners' Lending Library. According to Amazon, the titles can be borrowed as frequently as once a month, and unlike some other lending services that limit the number of e-books available, Amazon will have enough for anyone to access the books when they go live on the service.

"We're absolutely delighted to … Read more

Can e-readers help independent writers and publishers? Amazon thinks so. The e-commerce giant announced today that not only did it top 100,000 titles in its Kindle Lending Library but also that more Amazon customers are reading independently published books.

"After a year of marketing 'Whispers from the Ashes' in book clubs, genealogical magazines, and local newspapers with steady, but slow results, I joined the KDP Select program," author Patricia Hester said in a statement. "The results have been absolutely amazing - I have now accomplished every author's dreams: worldwide interest, fan enthusiasm, and wonderful sales.&… Read more

I've griped about e-book prices many times before, and I remain steadfast in my belief that publishers charge way too much for a product that requires no printing, consumables, shipping, storage (in the traditional sense), or other typical print-book expenses.

Fortunately, there's a way to squeeze a bit more value out of the e-books you do buy: lend them to someone else, then get other loaned books in return.

This is possible thanks to the publishers that allow e-book lending. Not all do, and the terms are pretty limited--each book can be loaned out only once, and for … Read more