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“You won’t have to pay taxes on the money you make. If you sell a pair of shoes for $40 on Poshmark for $20, you don’t have to pay taxes on the $20 because it’s less than the $40 price.
Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business start-up centre H-Farm. [3] Beckerman came up with the original outline of the application during his time working on PIG, a fashion magazine based in Italy that he co-founded.
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Poshmark, Inc. is a social commerce marketplace where users can buy and sell new and secondhand fashion, home goods, and electronics. The platform has over 80 million users, with over 200M available listings.
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The company raised US$100 million in 2015, [6] one of the five largest first rounds of venture capital financing since 2008. [15] Following a merger in May 2016 with Wallapop, a competitor with a reported valuation of about $570 million, the company raised an additional $100 million. [10]
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