ThredUp: The Online Marketplace for Second-Hand Fashion Impresses With Accelerated Growth - Stock Poised for Breakout From Base!
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ThredUp is an online marketplace for second-hand fashion. The company operates a platform where consumers can buy and sell used clothing. Recently, the focus has been on expanding AI-driven product experiences for customers. This is starting to pay off, as the figures for Q2, released on August 4, show. Revenue increased by 16% year-over-year. While net loss decreased, a record growth in new customers signals strong momentum in the marketplace. The number of active buyers increased by 17% YoY, with the company potentially benefiting from the import...
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