Poshmark

How it happened

Poshmark is a US social marketplace for buying and reselling secondhand fashion, peaking around $7B near its 2021 IPO. Slowing growth and shrinking margins eroded its public valuation after the post-IPO surge faded, and South Korea's Naver acquired the company in 2023 for about $1.2B — well below its peak. Glassdoor reviews from the years after the deal described the quieter costs of going private: equity upside that vanished once the stock stopped trading, a steady drift of colleagues out the door amid acquisition uncertainty, and longtime employees lamenting a culture that felt increasingly corporate compared with the startup they had joined.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.