You realize this is talking about one of the sellers on the platform right? Not the platform itself.
Looks like GMV is actually ~1.2B/year and even at a conservative 10% profit margin, they're pulling in at least $120M/year.
"The company said its revenue more than doubled in the last year, with gross product sales topping $100 million a month. It has expanded into streetwear and luxury goods like handbags and has more than 800 employees."
Looks like GMV is actually ~1.2B/year and even at a conservative 10% profit margin, they're pulling in at least $120M/year.
"The company said its revenue more than doubled in the last year, with gross product sales topping $100 million a month. It has expanded into streetwear and luxury goods like handbags and has more than 800 employees."