October 25, 2023 BY Elizabeth Anderson
Adyen battles to keep above water as founders lose $2bn
Often described as a pandemic champ and worthy competitor to digital payment giants such as PayPal (PYPL) and Stripe, Adyen suffered the brunt of this decline in August. After reporting an all-time low in revenue growth, investors baulked, expunging $20bn in market value. The founding duo’s 3% stake in the company currently carries a value…
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