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Full Answer
What is OfferUp?
OfferUp is an online mobile-first C2C marketplace with an emphasis on in-person transactions. It was founded as a competitor to Craigslist, differentiating itself with mobile-friendly apps and user profiles with ratings. OfferUp. Type of site.
Can I buy OfferUp stocks on the Canadian Stock Exchange?
You won't be able to buy OfferUp stocks on a Canadian stock exchange like the TSX or CSE. Instead, you'll need a Canadian broker that provides access to stocks sold on international exchanges.
What information is on the company profile page for OfferUp Inc?
Company profile page for OfferUp Inc including stock price, company news, press releases, executives, board members, and contact information Skip To Content Skip to content
What are the top categories to sell on OfferUp?
The top categories on the marketplace include: toys, furniture and cars. OfferUp's employee numbers have also experienced explosive growth, starting at 11 employees in 2015, growing to 67 in 2015, and 218 employees in January 2018.
Is OfferUp publicly traded?
How to buy shares in OfferUp when it goes public. Once OfferUp goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
What company owns OfferUp?
It was founded as a competitor to Craigslist, differentiating itself with mobile-friendly apps and user profiles with ratings....OfferUp.Type of sitePrivateFounder(s)Nick Huzar Arean Van VeelenIndustryMarketplace, AppURLofferup.comNative client(s) oniOS and Android4 more rows
How many employees does OfferUp have?
Company Growth (employees)Employees (est.) (May 2022)461(-1%)Job Openings30Cybersecurity ratingBMore
Is OfferUp a private company?
About OfferUp The privately held company is based in Bellevue, WA and backed by top investors including Andreessen Horowitz, Warburg Pincus, GGV Capital, and Coatue.
Why did Letgo sell to OfferUp?
Why is letgo combining with OfferUp? With letgo joining OfferUp, we have the opportunity to combine the strengths of both marketplaces to create a bigger and better experience for buyers and sellers. Sellers can reach more buyers and sell faster on our new combined marketplace and buyers get access to more deals.
How does OfferUp make money?
OfferUp is a mobile-first C2C marketplace allowing consumers to sell used goods. It makes money by collecting a minimum fee of $1.99 or 12.9% of sellers' sales price. It also makes money via promoted listings for sellers and a Verified Dealer Program allowing car dealerships to sell on the platform.
How much does OfferUp make a year?
Based on the estimated amount of traffic they get, worthofweb estimates they could be making an extra $14 million per year in ad revenue.
Who are OfferUp competitors?
OfferUp's top competitors include Letgo, Carousell, CafePress and Paytm Mall. OfferUp is a company that provides an online shopping platform. Letgo is a provider of a mobile application that allows users to buy and sell secondhand things. Carousell is a company providing a classifieds marketplace.
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Where is Overstock headquartered?
in October 1999. Overstock.com, Inc. was founded in 1997 and is headquartered in Midvale, Utah.
What is eBay marketplace?
eBay Inc. operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks. The company was founded in 1995 and is headquartered in San Jose, California.
Is it possible to predict how a stock will perform?
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like OfferUp can be useful in determining how the market is performing and whether now is a good time to invest in this industry.
Is OfferUp stock going public?
OfferUp stock is not yet available to purchase on any exchange. But it's expected to go public soon. Here's what we know — and how to buy in when it launches.
How much tax do Canadians pay on US stocks?
Agreements between Canada and the US require Canadians holding US stock investments to pay the US Internal Revenue Service (IRS) a 15% withholding tax on any dividends earned on their US stocks. Interest earned from bonds or other interest-yielding US investments are similarly taxed at a rate of 10%.
Is OfferUp stock going public?
OfferUp stock is not yet available to purchase on any exchange. But it's expected to go public soon. Here's what we know — and how to buy in when it launches.
What is OfferUp platform?
The OfferUp platform, offered for iOS, Android and web, facilitates buying and selling used goods. The marketplace, which has been optimized for smartphones, features large photos of products for sale via an infinite scroll interface. For buyers, products are featured based on the geo-location closest to the buyer to help encourage face-to-face user interactions and encourage community-centric relationships, but can also be filtered by category, price and distance. On the seller side, products are listed immediately by uploading a photo from a user's smartphone or computer ; the platform makes it easy to sort inbound inquiries by the highest bid before contacting prospective buyers to agree upon price and meeting place.
What is offerup marketplace?
Launched in 2011 by Nick Huzar, former co-founder and CTO of Konnects, Inc., and Arean van Veelen, OfferUp is a mobile-driven local marketplace that competes with companies such as eBay , Craigslist and Facebook Marketplace. In 2016 the company raised $130 million in funding, bringing the company's total funding to more than $221 million, and was the only Seattle-area closely held tech company valued at more than $1 billion, making them the area's only unicorn company. Investors include: Andreessen Horowitz, Warburg Pincus, GGV Capital, Altimeter Capital, Jackson Square Ventures, Allen & Company, Tiger Global Management, T. Rowe Price, Quixotic Ventures, Alliance of Angels, Third Kind Venture Capital, Vy Capital, Coatue Management, and Max Levchin; angel investors including Serena Glover, Andrew Wright, and Rudy Gadre.
Where is OfferUp based?
OfferUp is based out of Bellevue, Washington and is currently used in every major city across the United States, with plans to expand internationally. The company moved into a new office space in 2017 which was furnished only with items found on the platform.
When did OfferUp merge with Letgo?
The Letgo app in the United States was merged into the OfferUp app on August 31, 2020.
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