ThredUp lowered its revenue guidance for the year as demand for used goods among bargain shoppers slows. The online consignor also said it hopes to break even by 2023. ThredUp, which went public in March, expects its revenue to rise as much as 14% to $287 million for the full year, versus the 29% growth it anticipated in the previous quarter as rising inflation causes customers to spend less...
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Pro Weekly: Readers Temper Their Optimism About Tech
Readers of The Information are feeling the back-to-school blues. In our latest monthly survey, around 30% of the 680 respondents said they anticipate conditions for technology companies will improve in the next six months, roughly the same as the percentage of people who think conditions will worsen. The rest don’t think much will change. It's the first time sentiment has weakened in six...
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