The Q4 2024 Valuation Update

The latest market seesaw penalized nearly every player in the cohort. While Sinch’s market cap was up 7%, everyone else fell by double-digit percentages. The martech names took the worst beatings, with Klaviyo, Braze, and Upland hit hardest. And yet, the entire cohort made more money last year than the year before. As much as the stock market is a machine, it’s a complicated one when it comes to tying asset price to value….
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