“Stripe rival Adyen’s shares soar 22% as European payments giant posts profit beat, slows hiring”
February 19, 2024
“Shares of European online payments giant Adyen jumped on Thursday, after the company reported strong sales growth and better-than-expected profit for 2023.
Adyen, which competes with Stripe, PayPal, and Block, told shareholders in its 2023 annual letter that it had slowed the pace of its hiring to counter concerns that it was spending too aggressively on expanding its team, while its margins were being compressed…”