Software company HubSpot, e-commerce seller Wayfair, and testing equipment and robotics maker Teradyne each lost billions of dollars over the course of the year.
While the once red hot sector of crypto and fintech startups has all but shut down, startups working on energy and climate solutions ― a strong point for the region ― are still in vogue.
The company has laid off about one-third of its staff this year after disappointing business results and an employee revolt under its former chief executive.
No offer has been made public, and the company declined to comment, but rumors have been swirling since the summer that Akamai has landed in the sights of one or more private equity firms.