FinTech Haphazard Valuations

​https://on.ft.com/3RHadAr
The immense decline in the valuation of FinTech companies, pegged at around 50%, reflects the overly optimistic assessment of the firms' future profitability, especially in the outlook for future revenues.  This is a chronic problem in the valuation of newer high-tech companies where little or no performance data exists.  The same problem occurred during the dot-com period in the late 1990s.