A look inside Europe’s $7 trillion technology market - The Fact Factory

Post Top Ad

Friday 3 July 2020

A look inside Europe’s $7 trillion technology market


There’s no doubt US tech stocks have thrived in 2020, but a raft of their European counterparts have returned huge profits for investors during the first six months of this year. Sinch, the Stockholm-based cloud telecoms firm, is up a teeth-kissing 170% year-to-date. Second-best is Dutch fintech play Adyen: its market cap grew from $223 billion to $389.4 billion, driving its stock price up by 74%. Swedish accounting gem Fortnox just beat Germany’s TeamViewer for third place, but they were close, both up around 52% in the past six months. It’s far less than its US counterpart Zoom Video, but still impressive.…

This story continues at The Next Web


No comments:

Post a Comment