Klarna Valued at Nearly $11 Billion

Swedish online payments platform Klarna was valued at $10.65 billion after raising $650 million from investors, Bloomberg said. Klarna, which allows online shoppers to delay payments or pay in installments, is still eyeing an initial public offering after fundraising that saw it double its value, according to Bloomberg. Investors include Silver Lake Partners, ​Singapore’s sovereign wealth fund​...

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Extreme Makeover: Zuck Edition — The Information’s 411
How is Mark Zuckerberg planning to revamp his public image? Cory talks to The Information’s Sylvia Varnham O’Regan and Alex Heath about why Facebook’s CEO is going on another charm offensive. Then, Cory interviews Justin Bedecarre, CEO of Raise Commercial Real Estate, a Founders Fund-backed startup, about how tech firms are experimenting with sending their workers back to...
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Org Charts Google
At Booming Google, Search Chief Gives More Love to Product Managers
Even as Google’s business booms and hiring accelerates, senior leaders have made changes to the unit housing its biggest moneymakers—web search and advertising.
Branded president Michael Ronen. Photo provided by Branded
The Big Interview Venture Capital Startups
Branded Joins Frenzy of Startups Acquiring Amazon Merchants, Finds Profits
Michael Ronen recently learned more than he ever thought he’d know about soap. Ronen runs Branded, a startup that buys up successful small businesses who sell their wares on Amazon.
Data Point
Inside Rounds Hit Record $30 Billion as Investors Double Down
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Shouzi Chew, TikTok's new CEO, and Zhang Yiming, CEO and founder of TikTok-owner ByteDance. Photos: Bloomberg
Asia
With New TikTok CEO, ByteDance Roots Itself Firmly in Asia
TikTok said Friday that it had tapped Shouzi Chew as its new CEO, installing a lieutenant from its parent company, ByteDance, to oversee one of its most important and challenging businesses.
Photos by Bloomberg; Illustration by Mike Sullivan
Exclusive Facebook
Zuckerberg’s Plan to Repair Facebook’s Image: More Zuckerberg
During a companywide Q&A with Facebook employees last Thursday, CEO Mark Zuckerberg turned to a question about a recent uptick in posts on his Facebook page, including a joke he made referencing the actor Vin Diesel a few days prior.
Will Epic Fail? — The Information’s 411
Apple's app store in on trial. Will Epic Games be able to loosen Apple's grip on app developers?