Klarna
Swedish fintech company
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-05-21 20:30
Klarna's losses surge as IPO plans remain stalled - Klarna's net loss for Q1 2025 reached $99 million, a significant rise compared to the previous year's loss of $47 million.
- The financial losses were attributed to various one-off costs and coincided with a pause in its IPO plans due to market turbulence.
- As the consumer debt crisis deepens, more users are struggling to repay 'buy now, pay later' loans, raising concerns about financial overextension.
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technology 2025-05-18 00:00
Klarna reverses decision and hires back human support staff after AI struggle - Klarna has acknowledged that its reliance on AI for customer service has led to poorer service and customer dissatisfaction.
- To address these issues, the company is hiring back human customer service representatives, particularly targeting students and rural workers.
- This change emphasizes the ongoing need for human interaction in customer support and highlights the limitations of AI in complex situations.
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technology 2025-05-16 00:00
Only 8% of companies successfully scale AI into core strategy - Accenture surveyed 2,000 global companies on AI integration.
- A majority of organizations are experimenting with AI without full implementation.
- Transforming corporate culture is crucial for successful AI deployment.
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technology 2025-04-27 00:00
Apple's latest iPad hits record low price for businesses - Apple's recent price drop for the latest iPad applies to specific color and storage configurations, making it more accessible for business use.
- Klarna has partnered with eBay in the US to offer Buy Now Pay Later options, providing businesses with tools to navigate financial challenges.
- This week marks a pivotal moment for businesses as they consider technology upgrades and software choices to enhance productivity.
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business 2025-03-25 09:00
Klarna plans to go public as demand for buy now, pay later services skyrockets - The U.S. buy now, pay later market is projected to reach $184.05 billion by 2030.
- A significant number of Americans have encountered challenges such as overspending and missed payments while using buy now, pay later services.
- The growing reliance on these services for everyday purchases indicates potential economic turmoil for consumers.
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business 2025-03-21 00:54
Klarna partners with DoorDash to change food payment options - Klarna partnered with DoorDash to offer flexible payment options for food delivery customers.
- The service allows customers to pay upfront or split their payments into interest-free installments.
- This partnership highlights the growing trend of financing options in everyday consumer spending.
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technology 2025-01-07 00:00
Sebastian Siemiatkowski believes AI could take over his job - Sebastian Siemiatkowski, CEO of Klarna, has expressed concerns about AI's potential to replace his role.
- Klarna has stopped hiring and reduced its workforce from 4,500 to 3,500 employees, opting for AI solutions.
- These changes reflect broader trends in the industry, raising questions about job security and the future of human leadership.
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business 2024-12-14 00:00
Klarna CEO claims AI is stopping hiring while many positions remain open - Klarna's CEO announced a workforce reduction from 4,500 to 3,500 employees over the past year.
- Despite the reduction, the company is still actively hiring for essential roles, including software engineering and policy.
- The approach signifies a blend of AI adoption and the continued importance of human roles within the organization.
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business 2024-09-16 00:00
Shaquille O’Neal Embraces AI and Cash Back Opportunities - Shaquille O'Neal has partnered with Klarna to promote their cash back offerings, including a 10% cash back feature for retailers like Sephora and Target.
- O'Neal emphasizes the importance of providing real value to customers and maintaining affordability in his business ventures.
- His collaboration with Klarna reflects a growing trend in the business world towards leveraging AI and fintech to enhance customer experiences.
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business, technology 2024-09-03 00:00
Zilch achieves profitability and welcomes ex-Aviva CEO ahead of IPO - Zilch reported its first operating profit in July 2024, achieving profitability faster than competitors like Starling and Monzo.
- The company doubled its annual revenue run rate to over £100 million ($130 million) and adopted a growth-focused strategy amid a challenging economic environment.
- Former Aviva CEO Mark Wilson joined Zilch's board, signaling a commitment to steering the company toward sustainable success as it prepares for an IPO.
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business, technology 2024-09-03 00:00
Real estate startup disrupts market, raising concerns for big players - A new flat-fee real estate startup has reported a 48% revenue increase, reaching $659 million, and its stock price surged significantly.
- Klarna's revenue grew by 27% in the first half of 2024, but the company is facing potential leadership changes.
- The rise of fintech startups and their innovative approaches is reshaping the financial landscape, posing challenges for traditional players.
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business, politics, technology 2024-08-28 10:08
Klarna cuts jobs to 2,000 with AI in marketing and service - Klarna plans to cut its workforce from 3,800 to 2,000 employees by utilizing AI in marketing and customer service.
- CEO Sebastian Siemiatkowski highlighted the need for government intervention regarding the impact of AI on jobs and inequality.
- The company's strategy aims to enhance its appeal to investors ahead of a potential stock market listing.
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business, technology 2024-08-20 00:00
Fintech Changes: Company Closures and Klarna's Banking Move - Tally and Score fintech companies are shutting down.
- Klarna is making a strategic move into banking.
- Other companies are actively hiring in the fintech sector.
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business, politics 2024-07-25 00:00
U.K. Government to Regulate Buy Now, Pay Later Plans - The UK government is set to announce regulations to oversee 'buy now, pay later' firms, such as Klarna.
- This move addresses concerns over consumer debt associated with these payment options.
- The upcoming announcement aims to provide better protection for consumers in the financial marketplace.
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