Negative equity: private companies face valuation write-downs as new reality bites

One of the most high-profile private companies in the world today is Stripe, the payments firm founded by Patrick and John Collison.

The start-up has been widely feted for its technology that makes it easier to process payments online, driving the success of many e-commerce websites and apps. It has also, more recently, proved to be a shining example of how private company valuations have ballooned in recent years.

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