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Checkout.com Cuts Internal Valuation by $29bn

Checkout.com Cuts Internal Valuation by $29bn

Checkout.com, a popular global payment processing firm, has slashed its valuation from $40 billion to $11 billion, reacting to the market's worsening sentiment and downfall in the big tech sector. The 70% drop aims to reflect "current macroeconomic conditions."

According to the FT report from Tuesday, employees were informed of the internal valuation cut last month. In addition, C... Read More

Posted: Dec 13 2022, 13:22
Author Name: financemagnates
Views: 111588

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