Ryan Browne
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ryanbrownecnbc.bsky.social
Ryan Browne
@ryanbrownecnbc.bsky.social
London-based correspondent covering tech for CNBC.

Email: ryan.browne@nbcuni.com

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“I still am crazy enough" to think Klarna can become "the next Google" in size, the fintech firm's boss Sebastian Siemiatkowski told me.

Klarna's journey has been like a rollercoaster. In 2021, it reached a $46 billion valuation (on paper), only to then lose 85% of its value in 2022.
March 31, 2025 at 10:27 AM
CRWV opens at $39 per share.

Down sharply from an initial price target of $47 to $55.

Story from @jordannovet.bsky.social here: www.cnbc.com/2025/03/28/c...
CoreWeave opens at $39 per share after biggest U.S. tech IPO since 2021
CoreWeave received the most proceeds from a U.S. technology IPO since automation software maker UiPath went public in 2021.
www.cnbc.com
March 28, 2025 at 5:26 PM
CoreWeave is going out on a volatile market day: www.cnbc.com/2025/03/27/s...

US stocks are in the red. Nasdaq down 2.7%.

This could be ugly.
Sell-off on Wall Street gains steam, with Dow losing 700 points: Live updates
Stocks sold off Friday, pressured by growing uncertainty on U.S. trade policy as well as a more grim outlook on inflation.
www.cnbc.com
March 28, 2025 at 5:10 PM
"CoreWeave reported a net loss of $863 million last year, with revenue soaring 737% from a year earlier. It’s a capital-intensive business due to the high costs of renting out and operating data centers."

😬
March 28, 2025 at 5:08 PM