Stripe logo is displayed in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration
(Reuters) - Digital payments firm Stripe has cut the internal value of its shares by about 11%, implying a valuation of $63 billion, the Information reported on Wednesday.
It's at least the third time since June that Stripe has cut its internal valuation, following a smaller cut in October, and brings the total reduction to about 40% in the past six months, according to the report, citing a person familiar with the matter.
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