Wow Affirm’s stock has literally gone down more than 90% in 7 months or so. Crazy.
Don't look at Peloton's charts. Most of these make BTC look like a safe haven
Peloton feels like the 2020's GoPro
Klarna to raise fresh cash at slashed $6.5B valuation
51–60 of 72 posts
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#52They had a valuation of ~ $17B not long ago. Does it mean more layoffs? I hope not.
they were trying to raise at $40B+
They raised $640M at a $46B valuation a year ago:
https://www.cnbc.com/2021/06/10/klarna-softbank-funding-roun...
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#53Earlier quoted context omitted.
Uber provides a real service. Think about what you used to do before Uber and how difficult and annoying things were.
I get around London in a regular taxi just fine?
Great. Now try Tallahassee, Florida. Or Liverpool. Or the myriad of other non-global/dense city with limited public transportation infrastructure especially during off hours.
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#54Earlier quoted context omitted.
I get around London in a regular taxi just fine?
If only taxis in the rest of the world were as good as London's, Uber probably wouldn't exist.
Agreed. But given that legacy dispatch infra is bad/inefficient, you need rider density to support the quality of service of a London.
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#55A year ago this company raised $639 million. Additionally, the article states the company makes it's money from fees paid by retailers: >"Instead of charging consumers interest, Klarna takes a fee from the retailers." This suggests they're not subsidizing their customers with VC money in the same way that cheap Uber rides did. Can anyone say why they are they trying to raise more money almost exactly a year after rai…
This is a good question and even as an employee i do not know. The company made a few acquisitions (google them), then there was the huge USA launch where they spent lot of marketing money (super bowl ad, chicago bulls etc.) They also started a lot of projects / markets to see what works.
The sad part is, unlike silicon valley the employee salaries were still quite low, they do not discuss plans with the employees, they only hire juniors and management does not share any numbers / overall plans with the employees. Even after last round of layoffs we were told that all is good. Now, we hear that company is seeking fresh funding after raising more than half a billion last year!
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#56Earlier quoted context omitted.
If you have that kind of money and you want to invest in newish tech, then you have to accept the fact that your investments will move the market and make that work in your favor. Retail can buy a share here and there but you cannot. So how to make it work in your favor? Ask yourself "who can make productive use of this much money? who needs this much money to even be viable?" And it will be really capital intensive…
Musk is a textbook fraudster who is pioneering fake ideas, especially going to Mars. The maths provided by SpaceX for the Starship just do not translate into good astrophysics.
He over-promises and under-delivers, but there is an actual product. He isn't the kind of fraudster that mails you a bag of bricks.
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#57We need a new word for de-unicorned startups. I‘m visualizing a unicorn that after a second look turned out to be a mule with litter stuck on his head…
Why not just "ass"?
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#58A year ago this company raised $639 million. Additionally, the article states the company makes it's money from fees paid by retailers: >"Instead of charging consumers interest, Klarna takes a fee from the retailers." This suggests they're not subsidizing their customers with VC money in the same way that cheap Uber rides did. Can anyone say why they are they trying to raise more money almost exactly a year after rai…
> Additionally, the article states the company makes it's money from fees paid by retailers
They operated their own debt collection firm until March 2021 called Segoria. They liked to keep quiet about that.
From the horse's mouth: https://youtu.be/ZasUQuoCw2Q?t=1887
They of course still use debt collection but outsource it now.
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#59A year ago this company raised $639 million. Additionally, the article states the company makes it's money from fees paid by retailers: >"Instead of charging consumers interest, Klarna takes a fee from the retailers." This suggests they're not subsidizing their customers with VC money in the same way that cheap Uber rides did. Can anyone say why they are they trying to raise more money almost exactly a year after rai…
> Additionally, the article states the company makes it's money from fees paid by retailers They operated their own debt collection firm until March 2021 called Segoria. They liked to keep quiet about that. From the horse's mouth: https://youtu.be/ZasUQuoCw2Q?t=1887 They of course still use debt collection but outsource it now.
Interesting. Also from your link they outsource their customer service too. So you've go three separate companies, the bank, the debt collection agency and the customer service. It sounds like bad customer experience waiting to happen.
Re: Klarna to raise fresh cash at slashed $6.5B valuation
#60A year ago this company raised $639 million. Additionally, the article states the company makes it's money from fees paid by retailers: >"Instead of charging consumers interest, Klarna takes a fee from the retailers." This suggests they're not subsidizing their customers with VC money in the same way that cheap Uber rides did. Can anyone say why they are they trying to raise more money almost exactly a year after rai…
This is a good question and even as an employee i do not know. The company made a few acquisitions (google them), then there was the huge USA launch where they spent lot of marketing money (super bowl ad, chicago bulls etc.) They also started a lot of projects / markets to see what works. The sad part is, unlike silicon valley the employee salaries were still quite low, they do not discuss plans with the employees, t…
Honestly that sounds like a pretty bad place to work then. If you wanted to be kept in the dark and paid poorly, you can get that at any big corporation and with far more stability.