Investigation Launches into Marqeta, Inc. Amid Financial Concerns

Kirby McInerney LLP is looking into potential claims against Marqeta, Inc. (“Marqeta” or the “Company”) MQ. The focus of the investigation is whether Marqeta and its officers might have breached federal securities laws or engaged in other illegal business activities.

[Click here to learn more about the investigation]

On November 4, 2024, Marqeta announced third quarter earnings for 2024 that fell short of expectations, along with lower guidance for the upcoming fourth quarter. The Company stated, “Our guidance reflects several changes that became apparent over the last few months regarding the increased scrutiny in the banking sector and specific changes in customer programs.” In response to this news, Marqeta’s share price dropped by $2.53, a significant decline of approximately 42.5%. The shares went from $5.95 on November 4, 2024, to $3.42 by the close on November 5, 2024.

If you bought or acquired Marqeta securities, possess information, or wish to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP via email at investigations@kmllp.com, or fill out this CONTACT FORM to discuss your rights regarding these issues at no cost.

Kirby McInerney LLP is a New York-based law firm that specializes in securities, antitrust, whistleblower, and consumer litigation. The firm has successfully secured billions of dollars for shareholders through its litigation efforts in securities cases.

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