Marqeta announces $100 million buyback program with CEO saying stock price doesn't reflect company's

Marqeta Inc. announced Thursday that it has received board approval to buy back up to $100 million of its Class A shares. "The share repurchase program demonstrates the confidence our board and management team have in the strength of our business and future growth prospects," Jason Gardner, the company's chief executive, said in a release. "We see a specific moment-in-time opportunity for us to execute a share buyback program as we do not believe our current valuation reflects our...