Klarna is absolutely over-hyped, overvalued and a glorified bank and a complete scam. It also seems that an investor unloaded their shares worth $7.6m a year ago [0][1][2] at a $48B valuation to get retail sucked in and investing at that valuation on a crowdfunding platform.

Fast forward today, those 6,971 new investors have lost money as Klarna is on a series of downrounds; now at $6.5B.

Now that is what I call a magnificent exit scam that Crowdcube has done, which retail once again loses and becomes the bag holders.

[0] https://www.crowdcube.com/cubex/klarna

[1] https://milled.com/navia/klarna-pitch-is-launching-tomorrow-...

[2] https://www.thetimes.co.uk/article/online-investment-platfor...