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Klarna to raise fresh cash at slashed $6.5B valuation

wsj.com

61–70 of 72 posts

Re: Klarna to raise fresh cash at slashed $6.5B valuation

#61

Klarna and affirm are the next gen of bullshit companies. Like Uber and WeWork before it. Absolutely massive scams fed with easy money and dumping on the next fool.

Uber provides a real service. Think about what you used to do before Uber and how difficult and annoying things were.

Not everyone lives in a car-dependent asphalt wasteland. I rode a bike and still do - my own, and Capital Bikeshare.

Re: Klarna to raise fresh cash at slashed $6.5B valuation

#62
If you want to keep track of how the Klarna story evolves - and also other startup & tech news from Sweden - I allow myself to recommend my free newsletter http://www.swedishtechweekly.com.

I apologize for the spammy nature of this comment, but I know some of you will actually appreciate this one.

Re: Klarna to raise fresh cash at slashed $6.5B valuation

#63

A 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…

It's probably still a "growth & engagement" operation where most of the money is pissed away in marketing and building an engineering playground to solicit further funding rounds.

Re: Klarna to raise fresh cash at slashed $6.5B valuation

#64

Earlier quoted context omitted.

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.

Can you get your equity wiped out at a big corporation? Probably not!

Re: Klarna to raise fresh cash at slashed $6.5B valuation

#67

Earlier 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?

Except in zone 1 Ubers are still way more convenient than other taxis.

Re: Klarna to raise fresh cash at slashed $6.5B valuation

#68

Klarna and affirm are the next gen of bullshit companies. Like Uber and WeWork before it. Absolutely massive scams fed with easy money and dumping on the next fool.

Klarna has good tech for payment solutions, and they have really optimized the funnel for purchasing through debt. I mean, the latter to me is bad, but do you mean they dont or wont make money and how so?

Re: Klarna to raise fresh cash at slashed $6.5B valuation

#69

Earlier quoted context omitted.

Uber provides a real service. Think about what you used to do before Uber and how difficult and annoying things were.

Not everyone lives in a car-dependent asphalt wasteland. I rode a bike and still do - my own, and Capital Bikeshare.

What about when you want to get to/from the airport or other transportation hub like a train station or bus station? One experience I had was I called the taxi company the day prior to my trip to reserve a taxi to the airport, but it did not show up, and I had to scramble.

Re: Klarna to raise fresh cash at slashed $6.5B valuation

#70

Earlier quoted context omitted.

Not everyone lives in a car-dependent asphalt wasteland. I rode a bike and still do - my own, and Capital Bikeshare.

What about when you want to get to/from the airport or other transportation hub like a train station or bus station? One experience I had was I called the taxi company the day prior to my trip to reserve a taxi to the airport, but it did not show up, and I had to scramble.

What kind of airport doesn't have a convenient transit connection already?

Actually, don't answer that question because I live close-ish to IAD and... it's a whole thing. But Dulles is located in a car-dependent asphalt wasteland so I think my point still holds. DCA is actually sane about this and is right off a major subway line (Blue).

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