One way to see how private companies are faring is to look at secondary exchanges. The fallen giants are led by former fintech darling Plaid, which has plunged almost 80% in 2023. The fallen giants are led by former fintech darling Plaid, which has plunged almost 80% in value this year. "Suggesting a valuation of any private company based solely on thinly traded secondary market data is misleading clickbait," said a Plaid spokesperson. Below are the 20 companies that have fallen most in value this year, according to Caplight.

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Persons: Buyers, Caplight, Javier Avalos, Avalos, Gabe Greenbaum Organizations: Plaid, B Locations: Caplight