ThredUp
E-commerce/resaleUSA
📉 Public < $1B
Peak $1.8 BillionToday
−55%
from peak
- 🦄Became a unicorn2021
- 📈Peak valuation$1.8 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuation~$815M
Current status
Public ~$0.45B
Live · TDUP· NasdaqGS
as of 2026-08-04
$6.32▲ 7.22% today
≈ $815 Million market cap · −54.7% from peak
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. Glassdoor reviews split by altitude: warehouse staff described 10-to-12-hour standing shifts paced by per-hour productivity software, with breaks timed to the minute, while corporate employees said the celebrated four-day workweek routinely spilled into Fridays and that layoff rounds kept recurring as the stock fell.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: CMC Apr 2026
