What Happened To Etsy

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Gregarious 1

25 May 2024

The online handmade goods marketplace Etsy is at a crossroads After booming during the pandemic the company's gross merchandise sales have been flat in 2022 and 2023 Etsy's stock is down more than 70 from its all-time high in 2021 and its first-quarter 2024 earnings report revealed another disappointing earnings miss Some of its sellers say the company's laser-sharp focus on growth has pushed Etsy away from its core mission to keep commerce human and instead allows for an increasing number of drop shippers to join the platform Chapters 0 00 Intro 1 46 Chapter 1 A revolutionary idea 5 39 Chapter 2 At a crossroads 9 30 Chapter 3 The future Correction May 21 2024 At 4 27 we misstated that Josh Silverman laid off 22 of the staff The correct number is 15 The other 8 coincided with his appointment Produced Shot and edited by Natalie Rice Animation by Christina Locopo Jason Reginato Senior Managing Producer Tala Hadavi Editorial Support Jeniece Pettitt Footage Getty Images AP Photos Etsy Nicole Aline Legault Chiarra Lohr Additional sourcing FactSet Oppenheimer Co Wayback Machine

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