Sweden’s Klarna dips to first ever annual loss after US expansion
26 February 2020 - 22:38
Stockholm — Swedish online lender Klarna, which is backed by rapper Snoop Dogg, reported its first annual loss on Wednesday after a year of expansion in the US and Europe.
This is the first year in which Klarna has posted a loss since it was set up in 2005, making it an outlier among tech companies which often lose money for years...
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