Tech

Berlin's Tech Scene Sizzles as Marquee Startup Fizzles

Rocket Internet is doing poorly, but the community it helped build is thriving.

Season of the bear.

Photographer: Hannelore Foerster/Getty Images

Rocket Internet, the core company of Berlin's start-up scene, is not doing too well. It recently posted a profit warning, telling investors of big writedowns in its fashion business. Its stock performance since the initial public offering two years ago -- the biggest for a European tech company since the dot-com boom of the late 1990s -- has been abysmal. The Berlin tech scene, however, remains the hottest in Europe and isn't suffering along with the behemoth that helped create it.

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