US88556E1029 - Common Stock
THREDUP INC - CLASS A
NASDAQ:TDUP (11/21/2024, 5:46:42 PM)
After market: 1.28 -0.06 (-4.48%)1.34
+0.08 (+6.35%)
thredUP, Inc. operates as an online clothing resale platform for apparel, shoes, and accessories. The company is headquartered in Oakland, California and currently employs 2,377 full-time employees. The company went IPO on 2021-03-26. The firm's custom-built operating platform consists of distributed processing infrastructure, software and systems and data science expertise. Its operating platform is the foundation for its managed marketplace where the Company has bridged online and offline technology to make the buying and selling of tens of millions of items simple. The marketplaces the Company has built enable buyers in the United States and in Europe to browse and purchase resale items for primarily apparel, shoes and accessories across a range of price points. Buyers get shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. In addition to the Company's core marketplace, various brands and retailers are using its resale-as-a-service (RaaS) offering, which allows them to conveniently offer a scalable closet clean out service and/or resale shop to their customers.
THREDUP INC - CLASS A
969 Broadway, Suite 200
Oakland CALIFORNIA 94607
P: 14154025202
CEO: James Reinhart
Employees: 2377
Website: https://www.thredup.com/
ThredUp’s stock price has taken a beating over the past six months, shedding 36.7% of its value and falling to $1.31 per share. This might have investors contemplating their next move.
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Shares of online fashion resale marketplace ThredUp (NASDAQ:TDUP) jumped 37.9% in the afternoon session after the company reported a "beat and raise" quarter. Third-quarter earnings blew past analysts' EBITDA and revenue estimates. Despite reporting declines in revenue and active buyers, ThredUp provided an optimistic outlook as it raised full-year 2024 revenue and EBITDA guidance, signaling improved confidence in the near-term growth prospects.
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