return2ozma@lemmy.world to News@lemmy.world · 1 year agoKlarna’s losses widen after more consumers fail to repay loanswww.ft.comexternal-linkmessage-square28fedilinkarrow-up1126arrow-down12file-text
arrow-up1124arrow-down1external-linkKlarna’s losses widen after more consumers fail to repay loanswww.ft.comreturn2ozma@lemmy.world to News@lemmy.world · 1 year agomessage-square28fedilinkfile-text
minus-squareInverseParallax@lemmy.worldlinkfedilinkEnglisharrow-up17·1 year agoActually no, that’s not the scam. The scam is the business plan which says they can still be profitable, so they can borrow cheaply from banks to pay themselves, then they leave just before the company tanks. The whole economy is a pyramid scheme.
minus-squarelocahosr443@lemmy.worldlinkfedilinkarrow-up3·1 year agoThat’s pretty much the same as described above with a marginally earlier exit strategy.
Actually no, that’s not the scam.
The scam is the business plan which says they can still be profitable, so they can borrow cheaply from banks to pay themselves, then they leave just before the company tanks.
The whole economy is a pyramid scheme.
That’s pretty much the same as described above with a marginally earlier exit strategy.