No. GAAP and IFRS have very strict definitions of Revenue. Transaction volume fa... | Hacker News

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		Montaque on Aug 15, 2022 \| parent \| context \| favorite \| on: The layoffs at Klarna No. GAAP and IFRS have very strict definitions of Revenue. Transaction volume falls under the agency principle. Its not the Co's revenue.

yobbo on Aug 15, 2022 [–]

That's not what a klarna transaction is.

Klarna pays the vendor immediately (with its credit line), and the user enters into a sort of debt contract with klarna.

Klarna's revenue is what it receives from the user.

It's a great business model when the interest rate is 0%.

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