About the same in other media
There are many signs that fintech is in a bubble, billionaire investor Flowers says
Reading now: 561
cnbc.comBillionaire investor J. Christopher Flowers is worried there's a bubble emerging in the financial technology market.
«I think there are a lot of indicators that there is a bubble» in fintech, Flowers, CEO of investment firm J.C. Flowers & Co, told CNBC's Annette Weisbach in an interview.
Fintech companies have seen their market values soar in both the public and private markets over the past year, with some firms trading at higher valuations than major banks.
PayPal, for example, has a market cap of $242 billion, higher than that of Wells Fargo or Citigroup. Square, the fintech venture of Twitter CEO Jack Dorsey, is worth nearly $107 billion, more than U.S. Bancorp.
Among privately-held companies, Stripe was last valued at an eye-watering
Read more on cnbc.comAbout this in other media
Keeping Lidl’s shelves stocked is harder than ever, says UK boss theguardian.com /3 years ago
COVID in Europe: Austria enters lockdown amid stark warning in Germany euronews.com /3 years ago
Belarus' Lukashenko says EU should take in more migrants euronews.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
