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EP 109: Sebastian Siemiatkowski (CEO, Klarna) on the Future of Klarna, Valuation Changes and AI in Finance

The Logan Bartlett Show

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Evolution and Challenges of Klarna: From Success to Reshaping Strategy

The chapter traces Klarna's journey from profitability to aggressive expansion and changes in valuation, including a move into the UK market and a shift towards the US market post the success of Afterpay. It outlines the impact of competition, the importance of raising money to scale, challenges in smaller markets, valuation changes due to investor interest and COVID, self-criticism, and the need for thoughtful business decisions. The chapter also explores the process of resetting valuations, adapting to new circumstances, facing layoffs, negative press, and strategic decisions by the CEO, emphasizing the benefits of being a private company during times of change.

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