Yazılar

Klarna Shares Drop on Rising Costs

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Klarna reported a quarterly net loss as rapid expansion drove up operating costs, prompting a sharp decline in its share price.

The company posted a net loss of $26 million for the fourth quarter, compared to a profit in the same period a year earlier. Despite this, revenue surpassed $1 billion for the first time, reflecting strong growth in its services.

Higher processing and funding expenses contributed to weaker-than-expected results, while the outlook for 2026 fell short of investor expectations.

Klarna’s leadership noted that upfront investments tied to growth are expected to yield returns over time as operations mature.

The fintech firm has also increased its use of artificial intelligence to streamline processes, allowing workforce reductions while boosting average employee compensation.

Visa Expands in Argentina with Prisma Deal

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Visa has announced plans to acquire payment platforms Prisma and Newpay from private equity firm Advent International, strengthening its presence in Argentina’s financial technology sector.

The acquisition will integrate Visa’s global network with established local infrastructure, supporting broader adoption of digital payment solutions across the country.

Visa indicated that the move would accelerate the rollout of technologies such as tokenization, biometric verification and advanced risk management tools for both consumers and businesses.

Prisma is one of Argentina’s largest card issuing platforms, processing billions of transactions annually for major banks. Newpay complements this ecosystem by providing payment infrastructure, ATM services and electronic bill payment systems.

The transaction is expected to be completed in early 2026, though financial terms have not been disclosed.

The development reflects ongoing efforts to modernize payment systems and expand digital finance capabilities in Argentina.

PayPal shares sink after CEO exit and weak 2026 profit outlook

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Shares of PayPal plunged after the company replaced CEO Alex Chriss and issued a disappointing profit outlook for 2026, rattling investors and raising fresh doubts about its turnaround strategy. The board named Enrique Lores, currently head of HP, as the new president and chief executive, saying the pace of change under Chriss fell short of expectations.

PayPal said Chief Financial Officer Jamie Miller will serve as interim CEO until Lores takes over on March 1. The abrupt leadership change came alongside a forecast that adjusted profit next year could range from a slight decline to modest growth, well below Wall Street expectations. Analysts said the combination of a sudden CEO exit and a muted outlook suggests deeper challenges in reviving growth.

The company continues to face pressure from slowing retail spending and intensifying competition from Big Tech and newer fintech rivals. PayPal also reported quarterly revenue and profit below estimates, while growth in its higher-margin branded checkout business slowed sharply, adding to concerns about its core payments franchise.