Kydie Cosmetics, Inc. is an online marketplace that sells products online through a platform.
It currently has over 2.5 million listings.
Kydie has a $1 billion valuation, according to Bloomberg, but the company is still reeling from the mass layoffs last year and the closure of its website in December.
It has announced that it will focus on a broader expansion, with more direct links to its existing brands, like the line of Cosmeceuticals, the brand that sells the Kydies Natural Beauty line.
But its stock is up as of Monday’s close.
The stock has gained more than 30% in the past year.
The company has not yet revealed what the expansion will entail.