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Affirm Holdings Inc

Tech companies lost $17 billion in Q1 as equity investments take a hit

An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background.AmazonThe tech sell-off of 2022 accelerated in the past couple weeks, with first-quarter earnings reports highlighting challenges like inflation, supply chain shortages and the war in Ukraine.For some tech leaders, the market swoon has created a double whammy. In addition to grappling with their own operating headwinds, they were among the most active investors in other companies during the extended bull market,…

Klarna to report buy now, pay later data to UK credit bureaus

"Buy now, pay later" giant Klarna says it will start reporting data on customers' usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the sector over fears it is putting young people into debt.Starting June 1, the Swedish fintech firm will share information on whether Brits paid off an installment loan in time or are falling behind on their payments to TransUnion and Experian, meaning such data will now start to appear on their credit reports. Klarna has around 16…