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Simon Khalaf

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marqeta shares drop over 30 percent on disappointing fourth quarter forecast

Marqeta's shares plummeted over 30% after the company issued disappointing fourth-quarter guidance, projecting revenue growth of only 10% to 12%, below analysts' expectations of over 17%. Despite a 30% increase in total processing volume to $74 billion, the firm continues to struggle, with its stock down more than 80% since its 2021 IPO. CEO Simon Khalaf highlighted the company's efforts to enter the buy now, pay later market with the launch of Marqeta Flex, aiming to enhance payment processing and fraud detection.
CNBC
United States Dollar Marqeta, Inc. Klarna AB Affirm Holdings, Inc. Visa Inc. Mastercard Incorporated USA Simon Khalaf Show more
Finance & Economy, Market Report
23:37 04.11.2024
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