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The 24-Hour Shock: How Adyen's Valuation Dropped by $20 Billion Overnight

The 24-Hour Shock: How Adyen's Valuation Dropped by $20 Billion Overnight
After the Amsterdam-listed payment company Adyen (EURONEXT: ADYEN) published financial results last week that disappointed investor expectations, its stock took a significant hit. The depreciation was so severe that the fintech's valuation shrank by $20 billion in just one day. In the new week, the declines continue, with share prices falling back to the pandemic lows of April 2020.Adyen Reports Slowest Revenue Growth in Its HistoryAt first glance, Adyen's report might seem optimistic. The compa... Read More
Posted: Aug 21 2023, 09:48
Author Name: financemagnates
Views: 111889

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