Tech’s ‘zombie unicorns’ reach the end of the road


The tariff shock could offer a healthy correction to an ecosystem that has long struggled to focus on financial fundamentals. — Bloomberg

PRESIDENT Donald Trump’s tariff tantrum has so far delivered only bad news for tech – as it has for just about everyone except “Make America Great Again” diehards.

Financial technology firm Klarna Group Plc and ticketing platform StubHub have paused their initial public offering (IPO) plans, threatening to starve venture firms of the cash they need to satisfy investors.

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