Klarna is very good at pumping out huge TTV and "customer" numbers but when you analyse the numbers a little more closely a different picture emerges. Since they expanded outside of Europe, it's been nothing but a sea of red after many years of being profitable. Their ghost card is delivering a huge number of "customers" but very little revenue and lots of credit costs. Their existing shareholders have been happy to tip in small amounts of additional equity at ever increasing valuation levels as they drive for an IPO pay day.
APT Price at posting:
$129.00 Sentiment: Buy Disclosure: Held
