Stripe rival Adyen records huge drop in market value

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Stripe rival Adyen records huge drop in market value
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Shares down 45 per cent in mid-morning trading on Friday after the Dutch payments processor published badly received results

Shares in Stripe rival Adyen remained sharply lower on Friday having plunged by over a third a day earlier in a move that wiped over €13 billion off its market value.

The Dutch payments processor was trading down 45 per cent in mid-morning trading in Amsterdam after plunging by nearly 40 per cent on Thursday following disappointing results.

 

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