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ThredUp

E-commerce/resaleUSA
📉 Public < $1B
Peak $1.8 BillionToday
~-75%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $1.8 Billion ’21
  3. 💔
    Became a Unitard
    2022
  4. 💸
    Last valuation
    ~$450M
Current status
Public ~$0.45B

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.

Source: CMC Apr 2026