March 15, 2024
“Fintech giant Stripe revealed in its annual letter published Wednesday that it surpassed $1 trillion in total payment volume in 2023, up 25% from 2022. The milestone, which comes 15 years after the company was founded, offers a glimpse into the financials… Continue Reading…
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… Continue Reading…
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… Continue Reading…
November 3, 2022
“Online payments giant Stripe is laying off roughly 14% of its staff, CEO Patrick Collison wrote in a memo to staff Thursday… Collison acknowledged that the company’s leadership made “two very consequential mistakes” by misjudging how much the internet economy would grow… Continue Reading…
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