NasdaqGS:TDUPSpecialty Retail
ThredUp (TDUP) Stock Price Cracks After Guidance Clouds Margin Progress
ThredUp stock just lost half its value in a single session, closing at about US$3.09 after a brutal 51% one day hit. The selloff looks less like a calm reassessment and more like a rush for the exits, even though the headline from Q2 is clear. The online resale player produced US$90.8m in revenue with a gross margin near 80% and turned in positive adjusted earnings before interest, tax, depreciation and amortization.
That mix of high gross margin and positive adjusted EBITDA, set against a...