I post this both as a news item and also because this press release is so heavily editorialized. How are they getting the "worst in 50 years" data point? It might turn out to be but we're not there yet.
Only through a downround which brought the valuation down almost 90% from $45B to $6.7bn. which is a magnificent loss to those 6,971 new retail bag holders [0] who bought in another early investors secondary shares as they unloaded them on a crowdfunding site. [1]
They have perfectly timed and 'played' those bag-holders and that early investor, and Crowdcube are now laughing all the way to the bank. As for Klarna, they have paid a high price for that financing round and will also face further regulations and competition, crashing the hype train all together.
A very over-valued and grossly inflated scam of a company.
2 comments
[ 4.5 ms ] story [ 18.5 ms ] threadThey have perfectly timed and 'played' those bag-holders and that early investor, and Crowdcube are now laughing all the way to the bank. As for Klarna, they have paid a high price for that financing round and will also face further regulations and competition, crashing the hype train all together.
A very over-valued and grossly inflated scam of a company.
[0] https://www.crowdcube.com/cubex/klarna
[1] https://milled.com/navia/klarna-pitch-is-launching-tomorrow-...