βΒ $263 Million market cap Β· β85.4% from peak
The rise & fall
6 moments Β· 2009β2024
The key moments, with employee sentiment along the way.
2009
π±
2009
Founded as a clothes-swapping site
James Reinhart pivots from swapping men's shirts to running a giant secondhand consignment machine.
Wikipedia
Mar 2021
π
Mar 2021
IPO at $1.8B β unicorn for a moment$1.8B
Prices at $14 a share on Nasdaq as secondhand becomes a growth story; the debut is the peak.
CNBC
2022
2022
Losses keep coming
Growth slows and the red ink doesn't; the stock breaks below its IPO price and keeps falling.
CNBC
2022
π
2022
Slips out of the club
Within about a year of the IPO, the market cap settles under $1B.
Macrotrends
2022β24
π¬
From the inside Β· Glassdoor reviews, 2022β24
Glassdoor reviews split by altitude: warehouse staff described 10-to-12-hour standing shifts paced to the minute by per-hour productivity software, while corporate reviewers said the celebrated four-day workweek kept spilling into Fridays and that rounds of layoffs recurred as the stock slid.
Today
Today
Still in the club β and still trading
Live Β· TDUP Β· NasdaqGSas of 2026-10-23
$2.00βΌ 9.09% todayβ $263M cap Β· β85.4% from peak
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
ThredUp is an online resale marketplace for secondhand clothing that went public in 2021 at a valuation around $1.8B. Persistent losses and slowing growth pressured the stock, cutting its market cap to roughly $0.45B (~-75% from peak) and dropping it below unicorn status as a public company.
