“Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on”
August 21, 2023
“…The company’s shares plummeted 39% on Thursday, erasing 18 billion euros ($20 billion) from Adyen’s market capitalization, as investors dumped the stock after the firm reported its slowest revenue growth on record. The stock closed down a further 2.9% on Friday after the precipitous decline of Thursday…
Identified as one of the top 200 global fintech companies globally by CNBC and Statista, Adyen is a payments services firm that works with customers including Netflix, Meta and Spotify. It also sells point-of-sale systems for physical stores and handles payments online and in-store…”
https://www.cnbc.com/2023/08/21/adyen-europes-fintech-darling-faces-big-challenges.html