openPR Logo
Press release

Investigation announced for Investors in ThredUp Inc. (NASDAQ: TDUP) over potential Wrongdoing by certain directors

An investigation on behalf of investors in ThredUp Inc. (NASDAQ: TDUP) shares over potential wrongdoing at ThredUp Inc.

An investigation on behalf of investors in ThredUp Inc. (NASDAQ: TDUP) shares over potential wrongdoing at ThredUp Inc.

An investigation was announced over potential breaches of fiduciary duties by certain directors at ThredUp Inc.

Investors who purchased shares of ThredUp Inc. (NASDAQ: TDUP) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain ThredUp Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Oakland, CA based ThredUp Inc., together with its subsidiaries, operates an online resale platform in the United States and internationally.

On or around March 26, 2021, ThredUp Inc conducted its initial public offering ("IPO"), selling 12 million shares of its Class A common stock priced at $14.00 per share.

ThredUp Inc. reported that its annual Total Revenue rose from $251.79 million in 2021 to $288.37 million in 2022, and that its Net Loss increased from $63.17 million in 2021 to $92.28 million in 2022.

Then, on November 6, 2023, ThredUp issued its third quarter ("Q3") 2023 financial results, reporting Q3 GAAP earnings-per-share of -$0.17, missing consensus estimates by $0.01, and Q3 revenue of $82 million, missing consensus estimates by $0.95 million. The following day, The Motely Fool published an article entitled "Why ThredUp Stock Plunged 36% Today", noting, among other things, that "[t]he problem for ThredUp is that revenue growth hasn't led to the kind of operating margins that investors hoped for" while the Company "keeps burning cash," and that "ThredUp's concept, selling products on consignment and secondhand, is interesting, but it hasn't proven to be profitable."

Shares of ThredUp Inc. (NASDAQ: TDUP) declined to as low as $1.86 per share on November 09, 2023.

Those who purchased shares of ThredUp Inc. (NASDAQ: TDUP) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Investigation announced for Investors in ThredUp Inc. (NASDAQ: TDUP) over potential Wrongdoing by certain directors here

News-ID: 3620580 • Views:

More Releases from Shareholders Foundation, Inc.

Lawsuit Alert: Investors who lost money with shares of Molina Healthcare, Inc. (NYSE: MOH) should contact the Shareholders Foundation
Lawsuit Alert: Investors who lost money with shares of Molina Healthcare, Inc. ( …
An investor, who purchased shares of Molina Healthcare, Inc. (NYSE: MOH), filed a lawsuit over alleged violations of Federal Securities Laws by Molina Healthcare, Inc. in connection with certain allegedly false and misleading statements. Investors who purchased shares of Molina Healthcare, Inc. (NYSE: MOH) have certain options and for certain investors are short and strict deadlines running. Deadline: December 02, 2025. NYSE: MOH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com
CTO Realty Growth, Inc. (NYSE: CTO) Long Term Investor Alert: Investigation of potential Wrongdoing
CTO Realty Growth, Inc. (NYSE: CTO) Long Term Investor Alert: Investigation of p …
An investigation on behalf of current long-term investors in shares of CTO Realty Growth, Inc. (NYSE: CTO) concerning potential breaches of fiduciary duties by certain directors and officers of CTO Realty Growth, Inc. was announced. Investors who are current long term investors in CTO Realty Growth, Inc. (NYSE: CTO) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a
Lawsuit filed for Investors who lost money with shares of Marex Group plc (NASDAQ: MRX)
Lawsuit filed for Investors who lost money with shares of Marex Group plc (NASDA …
An investor, who purchased shares of Marex Group plc (NASDAQ: MRX), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Marex Group plc in connection with certain allegedly false and misleading statements. Investors who purchased a significant amount of shares of Marex Group plc (NASDAQ: MRX) between May 16, 2024 and August 5, 2025, have certain options
LifeMD, Inc. (NASDAQ: LFMD) Investor Alert: Deadline in Lawsuit on October 27, 2025
LifeMD, Inc. (NASDAQ: LFMD) Investor Alert: Deadline in Lawsuit on October 27, 2 …
A deadline is coming up on October 27, 2025 in the lawsuit filed for certain investors of LifeMD, Inc. (NASDAQ: LFMD) over alleged securities laws violations by LifeMD, Inc. Investors who purchased shares of LifeMD, Inc. (NASDAQ: LFMD) have certain options and there are strict and short deadlines running. Deadline: October 27, 2025. LifeMD, Inc. (NASDAQ: LFMD) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 -

All 5 Releases


More Releases for ThredUp

Recommerce Platforms Market Hits New High | ThredUp, Poshmark, Retykle
HTF MI just released the Global Recommerce Platforms Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2024-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in Recommerce Platforms Market are: ThredUp (USA), Poshmark (USA), Vinted
Second-Hand Resale Platforms Market Is Booming Worldwide | Major Giants Poshmark …
HTF MI recently introduced Global Second-Hand Resale Platforms Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Major companies in Second-Hand Resale Platforms Market are: eBay, Poshmark, Depop, ThredUp, Vinted, The RealReal, StockX, Grailed, GOAT, Rebag, Vestiaire Collective,
Clothing Recycling Market to Witness Stunning Growth | Major Giants ThredUp,Terr …
HTF MI just released the Global Clothing Recycling Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. 𝐌𝐚𝐣𝐨𝐫 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 profiled in Clothing Recycling Market are: The Renewal Workshop,
Secondhand Apparel Market Attractive Growth Proposition Seen in 2024: ThredUp, P …
According to HTF Market Intelligence, the Global Secondhand Apparel market to witness a CAGR of 14.8% during the forecast period (2024-2030). The Latest research study released by HTF MI "Secondhand Apparel Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying
Secondhand Apparel Market Analysis & Forecast for Next 5 Years | ThredUp, Poshma …
According to HTF Market Intelligence, the Global Secondhand Apparel market to witness a CAGR of 14.8% during forecast period of 2023-2028. The market is segmented by Global Secondhand Apparel Market Breakdown by Application (Women, Men, Children, Plus Size) by Type (Casual Wear, Formal Wear, Sportswear, Others) by Sales Channel (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Secondhand Apparel market size is estimated to
Styling App Market to Witness Huge Growth by 2028 | Amazon.com, ASOS, thredUP, Z …
Advance Market Analytics published a new research publication on "Styling App Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Styling App market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy of