financial technology

Klarna losses tripled after aggressive US expansion and mass layoffs

Klarna losses tripled after aggressive US expansion and mass layoffs

Swedish payment provider Klarna logo. Thomas Truchel | Phototech | Getty Images Klarna on Wednesday reported a significant jump in losses in the first half, adding to a torrent of negative news about the “buy now, pay later” major. The Swedish payments company generated revenue of SEK 9.1 billion ($950 million) from January to the …

Klarna losses tripled after aggressive US expansion and mass layoffs Read More »

Klarna losses tripled after aggressive US expansion and mass layoffs

Klarna losses tripled after aggressive US expansion and mass layoffs

Swedish payment provider Klarna logo. Thomas Truchel | Phototech | Getty Images Klarna on Wednesday reported a significant jump in losses in the first half, adding to a torrent of negative news about the “buy now, pay later” major. The Swedish payments company generated revenue of SEK 9.1 billion ($950 million) from January to the …

Klarna losses tripled after aggressive US expansion and mass layoffs Read More »

Coinbase, FTX, and Binance receive inquiries from Congress about cryptocurrency scams

Coinbase, FTX, and Binance receive inquiries from Congress about cryptocurrency scams

In its first foray into the crypto sector, the House Committee on Oversight and Reform is ratcheting up pressure on federal agencies and crypto exchanges to protect Americans from fraudsters. In a series of letters sent Tuesday morning, the commission asked four agencies, including the Treasury, the Federal Trade Commission, the Commodity Futures Trading Commission, …

Coinbase, FTX, and Binance receive inquiries from Congress about cryptocurrency scams Read More »