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e-commerce

Poshmark and ThredUp See Revenue Gains in Q1

By
Malique Morris
· · Source: The Information

Online secondhand goods retailers Poshmark and ThredUp each reported higher revenue for the first quarter on Wednesday, although the newly public companies both lost money. Poshmark, which went public in January, saw 42% year-over-year first quarter revenue growth to $80 million in 2021 from $57 million in 2020. ThredUp, which debuted on the public market back in March, had a 14%...

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