Why The RealReal Stock Dropped Like a Rock Today
Shares of luxury resale marketplace The RealReal (NASDAQ: REAL) dropped like a rock on Tuesday after the company released financial results that fell short of analysts' expectations. For the second quarter of 2021, The RealReal's revenue was up 83% year over year to $105 million. This revenue growth was propelled by strong gross merchandise volume (GMV) growth of 91%.