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Jim Cramer: Poshmark 'Is Suboptimal' Versus The RealReal

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Poshmark went public on Thursday, Jan. 14. 

Led by CEO, Manish Chandra, Poshmark swung to a profit of 45 cents a share for the first nine months of 2020 from a loss of $2.81 a share in the year-earlier quarter. Revenue climbed 28% to $192.8 million from $150.5 million.

On Thursday, the company closed up 140% on its public debut on the market.  

In a Securities and Exchange Commission filing, Poshmark said that for buyers it creates a social experience. "We enable buyers to discover, connect, and curate their network and news feed with that of other users who share similar styles and personal preferences," the filing says.

Watch: Everything Jim Cramer Is Watching in the Stock Market Friday

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