TOPLINEDigital financial commerce platform Wirecard reported on Thursday it could not locate $2.1 billion, leading long-time CEO and founder Markus Braun to resign. Markus Braun, founder and former CEO of Wirecard, speaks at the Wirecard Annual General Meeting ... [+] 2019. Peter Kneffel/picture alliance via Getty ImagesKEY FACTSThe company’s valuation to fall from $28.6 billion in September of 2018 to $2.6 billion on Friday. Markus Braun founded Wirecard in 1999, and as of 2017, operates on all continents with over 5,800 employees in 26 locations, according to the company website. Wirecard functions as a payment processor, financial services provider and banking institution.

Source: Forbes June 19, 2020 15:56 UTC