Tiger Global’s Latest Setbacks
In recent weeks, the Tiger Cub has seen one private holding cut its valuation by 28 percent and another lose 75 percent of its post-public value.
Tiger Global has been rocked in the past month by two of its private investments.
The most recent development took place last Thursday, when The Wall Street Journal reported that Stripe had cut its valuation by 28 percent. The private online payments company — which Tiger Global had previously invested in — had been valued at $95 billion, making it the fifth most valuable private company, according to Crunchbase.