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SAP just saw $35 billion wiped off its market cap and it’s on track for its worst trading day in 12 years

Le Oct 26, 2020
@CNBC a partagé
One of Europe's most valuable tech firms just saw $30 billion wiped off its market cap https://t.co/qnoWhPQVK2
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SAP saw its valuation fall by nearly $35 billion on Monday as shares collapsed by 21% following disappointing third-quarter results.

www.cnbc.com
Le Oct 26, 2020
@CNBC a partagé
One of Europe's most valuable tech firms just saw $30 billion wiped off its market cap https://t.co/qnoWhPQVK2
Open

SAP just saw $35 billion wiped off its market cap and it’s on track for its worst trading day in 12 years

SAP just saw $35 billion wiped off its market cap and it’s on track for its worst trading day in 12 years

SAP saw its valuation fall by nearly $35 billion on Monday as shares collapsed by 21% following disappointing third-quarter results.

This $1.3 trillion asset manager wants to end buybacks and quarterly earnings

This $1.3 trillion asset manager wants to end buybacks and quarterly earnings

Concern is rising over the amount of money that is being leveraged by boardrooms to buy back stocks.

Revolut becomes latest fintech unicorn after $250 million funding gives it a $1.7 billion valuation

Revolut becomes latest fintech unicorn after $250 million funding gives it a $1.7 billion valuation

DST Global, a company that was early investor in Facebook and Spotify, led the funding round.