Is ThredUp Stock A Buy Or Sell After Remix Acquisition?

Aug. 05, 2021 9:05 AM ETThredUp Inc. (TDUP)FTCH1 Comment


  • ThredUp has emerged as the leader in online secondhand clothing retail with its innovative resale-as-a-service model.
  • The company announced the acquisition of "Remix Global AD" representing an entry in the European market as a new growth driver.
  • While shares have been volatile, several operating and financial tailwinds support a positive long-term outlook.
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ThredUp Inc. (NASDAQ:TDUP) is an online resale platform for apparel, shoes, and accessories. Beyond item consignment and a digital marketplace for buyers and sellers, the innovation is a broader technology-driven concept of resale-as-a-service "RaaS". ThredUp facilitates a new revenue source

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TDUP over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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