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Posted On: 04/06/2023 8:32:27 PM
Post# of 32974
Poshmark starting testing Live Selling last quarter. About the same time they were bought for $1.2B
Poshmark Introduces Posh Shows, a New Approach to Live Shopping for the Fashion Resale Community - Apr 05, 2023
https://www.prnewswire.com/news-releases/posh...90370.html
Why Poshmark's $1.2B sale is good news for its competitors - Oct 5, 2022
https://www.bizjournals.com/bizwomen/news/lat...l?page=all
Poshmark Introduces Posh Shows, a New Approach to Live Shopping for the Fashion Resale Community - Apr 05, 2023
https://www.prnewswire.com/news-releases/posh...90370.html
Why Poshmark's $1.2B sale is good news for its competitors - Oct 5, 2022
Quote:
Analysts who follow the sector noted that Poshmark's acquisition price — about quadruple its projected gross profit for fiscal year 2022 — could lead to a stock price "floor" for competitors. Poshmark (NASDAQ: POSH) closed up 13% Tuesday to $17.71, near the $17.90 Naver agreed to pay.
https://www.bizjournals.com/bizwomen/news/lat...l?page=all
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