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Why Marqeta Rallied on a Down Day for Tech Stocks

Why Marqeta Rallied on a Down Day for Tech Stocks

The reason was pretty clear: Marqeta, which is a high-growth, money-losing company, announced a $100 million share repurchase authorization. You don't normally see high-growth software or fintech companies repurchasing shares at this stage of their corporate lives. Marqeta's innovative card issuing platform is still in high-growth mode, with revenue up a head-turning 53% last quarter.