Green Dot CEO Steve Streit acknowledged the increasing competition, but also sought to downplay the threat that it poses to his company. "Some new competitors will find traction," he said, "and others will fail."

Green Dot's Soaring Expenses Spook Investors

Shares in prepaid card issuer Green Dot tumbled Friday amid fears that the firm would need to keep spending heavily to stave off new competitors, such as T-Mobile.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.