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Why Marqeta Plunged 35.8% in November

·2-min read
Why Marqeta Plunged 35.8% in November

Shares of card-issuing fintech Marqeta (NASDAQ: MQ) plummeted 35.8% in November, according to data from S&P Global Market Intelligence. It was a strange month for Marqeta to decline that much, since it reported earnings that handily beat analyst estimates and also raised guidance for the next quarter. In the third quarter, Marqeta grew revenue 56%, ahead of analyst expectations.

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