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Despite its new, bigger headline number, Plaid is still valued at 40% below its $13.4 billion peak in 2021, when ultra-low interest rates drove a massive surge in fintech valuations.
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"It's true the Netherlands has high productivity and works fewer hours," says Daniela Glocker, an economist on the Netherlands desk at the OECD, "but what we've seen over the past 15 years is that it [productivity] hasn't grown.