Nice Monday. It is Independence Day here in the United States, which means much of TechCrunch is on vacation. But as the last week drew to a close, some key data worthy of our consideration fell. Let’s not miss this opportunity, day off or not. (Besides, this is the last day of our sale on July 4thso, you know, feel free to contribute to TechCrunch’s financial independence as well!)
The data that came out on Friday included Klarna’s possibly final new rating, which is settling even lower than we expected and the conclusion of the FTX BlockFi drama that we need to unpack because the numbers are a bit harder to parse than the headlines you might have seen over the weekend.
Let’s compare the numbers to 2021 prices, discuss the discrepancies between them, and then chat about what other companies might be in trouble based on the somewhat shocking math we’re facing. How far have some starting prices strayed from the mark in the last year? This far:
Klarna and BlockFi as warning shots
As always when it comes to negative news, we’re not here to crow. Instead, we want to parse new data to better understand the state of the market. cover redundancies, down rounds and the like isn’t nearly as fun as reporting on IPOs. So, here it is, coming back to that if possible.
Regardless, the bad news can be summed up as follows:
Just how wrong were those 2021 valuations? – TechCrunch Source link Just how wrong were those 2021 valuations? – TechCrunch