Klarna to raise fresh cash at slashed $6.5B valuation
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Re: Klarna to raise fresh cash at slashed $6.5B valuation
#2That's just $36M per month for 18 months!
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#3> But if completed, it would represent a huge discount on the company’s valuation when investors led by an arm of SoftBank Group Corp.
Why is it that SoftBank somehow always manages to buy the top?
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#4> But if completed, it would represent a huge discount on the company’s valuation when investors led by an arm of SoftBank Group Corp. Why is it that SoftBank somehow always manages to buy the top?
Exuberance + deep pockets. When you are unconstrained, it is easy to be less judicious about investments.
I very much enjoyed Matt Levine's take on how exuberant Masayoshi Son is.
https://www.bloomberg.com/opinion/newsletters/2019-10-23/mon...
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#5Klarna is absolutely over-hyped, overvalued and a glorified bank and a complete scam. It also seems that an investor unloaded their shares worth $7.6m a year ago [0][1][2] at a $48B valuation to get retail sucked in and investing at that valuation on a crowdfunding platform.
Fast forward today, those 6,971 new investors have lost money as Klarna is on a series of downrounds; now at $6.5B.
Now that is what I call a magnificent exit scam that Crowdcube has done, which retail once again loses and becomes the bag holders.
[0] https://www.crowdcube.com/cubex/klarna
[1] https://milled.com/navia/klarna-pitch-is-launching-tomorrow-...
[2] https://www.thetimes.co.uk/article/online-investment-platfor...
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#6> But if completed, it would represent a huge discount on the company’s valuation when investors led by an arm of SoftBank Group Corp. Why is it that SoftBank somehow always manages to buy the top?
SoftBank will end up being the reverse Berkshire Hathaway:
Started (accidently) with a lot of money, consistently investing at the top, or in failed hype-projects, in things they didn't understand and end up mostly being negative signalling
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#7All these fintechs are completely overvalued.
Chime is the most notable in my eyes
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#8> But if completed, it would represent a huge discount on the company’s valuation when investors led by an arm of SoftBank Group Corp. Why is it that SoftBank somehow always manages to buy the top?
My thought exactly. If it were possible to short private companies I would just look for whenever SoftBank leads a round at a nutso valuation.
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#9Re: Klarna to raise fresh cash at slashed $6.5B valuation
#10They had a valuation of ~ $17B not long ago. Does it mean more layoffs? I hope not.