2 Reasons Why Marqeta Crashed After Earnings
Marqeta (NASDAQ: MQ) was a fintech darling when it did an initial public offering (IPO) in early June 2021. The stock briefly rose as much as 40% above its IPO price in mid-November 2021, but since then, the company has not given investors many reasons to cheer. Recently, the company released its second-quarter earnings report, and the stock dropped by 25%. So what bad news could cause such a significant decline?
Here are two reasons why Marqeta crashed after its recent earnings report.
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Source Fool.com
