Klarna

Tech firms scale back AI-driven layoffs after falling short

The promise that artificial intelligence could seamlessly replace large swaths of the human workforce is running into hard reality. Meta, the social media giant, abandoned an ambitious internal plan to cut up to 60% of workers in some teams and…

Apple retires iPhone Upgrade Program, launches Klarna-backed replacement

Apple has quietly retired one of its most popular retail programs, ending new enrollments in the decade-old iPhone Upgrade Program and replacing it with a leasing model called Apple Upgrade, powered by financial partner Klarna.

Apple’s foldable iPhone to cost $2,000-plus, lease for $60-$70 a month

Apple is preparing to launch its most expensive iPhone ever this September — a foldable device expected to carry the iPhone Ultra name and a price tag exceeding $2,000, according to Bloomberg's Mark Gurman. The device will be among the…

Apple to launch device leasing program with Klarna on July 28

Apple is preparing to launch a new device leasing program called "Apple Upgrade" in partnership with Klarna, with a launch date of July 28 in the United States, according to reporting that sent Klarna shares higher on Tuesday.

Swedish court orders Google to pay $1.97B to Klarna’s PriceRunner

Stockholm's Patent and Market Court ruled on Wednesday that Alphabet's Google must pay approximately 14.3 billion Swedish crowns in antitrust damages to Klarna's price comparison subsidiary PriceRunner, in what stands as the largest private antitrust damages award in Swedish history.