Adyen has been hailed a fintech star in its own right—a darling to investors, a pandemic winner and a competitor to the likes of PayPal and Stripe. But the Dutch payments company has had a turbulent few months, as its shares have dropped about 48% since the start of the year.
The downturn, driven by intense price competition, came to a head in August when the company reported a historic low in revenue growth. Shares of Adyen tanked following the announcement, wiping out $20 billion in market value as spooked investors sold their holdings.
