Online used goods retailer ThredUp lifted second quarter revenue 27% to $60 million, accelerating from the first quarter, although the company’s net loss doubled to $14 million. ThredUp, which went public in March, projects its year end revenue is on track to reach up to $241 million, up 30% from $186 million in 2020. ThredUp’s stock traded 7% higher in after-hours. Rival Poshmark, meanwhile,...
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Pro Weekly: Insights From The Information 50 Database
Welcome back! The Information 50 is our guide to promising startups, which we’ve published each year since 2020. Now we’ve brought together the 150 startups we’ve identified over the past three years, with added information about how they’ve fared since. The Information 50 Startups Database, which we published Thursday, details each company’s total fundraising and most recent...
UK Says Microsoft’s Activision Bid Won’t Harm Console Market, Dealing Blow to Sony
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