Equity Inside the Google-Wiz acquisition and the deal's biggest winners
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Mar 21, 2025 Google's bold $32 billion acquisition of cloud security startup Wiz is unpacked, revealing its significance for investors and the tech landscape. Sequoia capital scores big, but an Israeli VC, Cyberstarts, wins even more percentage-wise. The drama doesn't stop there—Waymo's mapping efforts at San Francisco International Airport and potential robotaxi services are explored. Plus, a deep dive into NVIDIA's groundbreaking AI innovations and the corporate espionage saga between HR companies Rippling and Deel. Intrigue abounds in this week’s tech updates!
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Klarna IPO
- Klarna is filing for an IPO, potentially raising $1 billion at a $15 billion valuation.
- Their 2024 revenue was $2.8 billion, with a net profit of $21 million, demonstrating profitability after a loss in 2023.
Klarna's Growth and Profitability
- Klarna's revenue grew significantly in 2023 and 2024, alongside increased active users and usage.
- Despite cost-cutting efforts, including using AI chatbots, their profitability remains relatively low compared to total expenses.
Klarna and DoorDash Partnership
- Klarna partnered with DoorDash to offer buy now, pay later options on food orders.
- This raises questions about the target audience and responsible lending practices for smaller purchases.