Poshmark warns of marketing hit from Apple's ad tracking changes

FILE PHOTO: A screen displays the company logo for Poshmark Inc. during the company's IPO at the Nasdaq Market Site in Times Square in New York City, U.S., January 14, 2021. REUTERS/Brendan McDermid

(Reuters) -Second-hand retailer Poshmark Inc on Tuesday forecast third-quarter revenue largely below estimates and warned that its marketing efforts were taking a hit from Apple Inc's new privacy controls over digital advertising tracking.

Poshmark's shares slipped 7% in after hours trading, poised to settle more than 25% below its initial public offering price in January.