Stripe

Stripe, a payments start-up that has been one of the most valuable privately held tech companies in Silicon Valley, lowered its internal valuation 28 percent in July 2022. Investors had valued Stripe at $95 billion last year. The new internal share price, which does not affect the value of shares owned by external investors, puts it at $74 billion. Stripe was founded in 2010 by the entrepreneurs and brothers John and Patrick Collison. Its software allows companies to process payments online. The company started out selling to small start-ups and expanded to larger companies, reportedly bringing in $2.5 billion in net revenue last year, according to Forbes. It employs more than 8,000 people