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Marqeta Stock Surges as Block Contract Renewal Removes ‘Major Overhang’

Por: MarketWatch Business August 09, 2023

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said in its second-quarter earnings report after the closing bell on Tuesday that it had signed a four-year extension of its contract with Block (SQ), which was a positive for investors who were awaiting this news. “We believe this renewal demonstrates the value Block sees in the Marqeta  platform and this partnership, exemplified by Marqeta’s flexibility, innovation and breadth of service,” the company said in its earnings release.... + full article



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