The deal creates the world's largest online classifieds company.
“In the past few weeks it became clear that I was not on the same page as my new board,” CEO Devin Wenig tweets.
The online auto marketplace received interest from 29 prospective buyers but "no actionable options for a sale of the company."
The FTC says the lender collected “hundreds or even thousands of dollars” as an upfront fee while telling consumers it charged "no hidden fees" on loans.
Buyer-supplier intermediary C2FO hopes for a business windfall from the GOP tax bill.
The better-than-expected revenue cheered some investors but Wall Street is skeptical that the company can sustain growth in 2016.
