Etsy.com stops letting Indigenous artists in Alaska sell ivory work [CBC (Canadian Broadcasting Corporation)]
Etsy, Inc. (ETSY)
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Source: CBC
Etsy.com stops letting Indigenous artists in Alaska sell ivory work 'We are unable to make exceptions for these items in our marketplace,' the company wrote to one artist A policy intended to deter the illegal trade of ivory and items made with the parts of endangered or threatened animals led the online sales website Etsy to remove such artwork sold by Alaska Native artists, who can legally use ivory in their pieces. U.S. Sen. Dan Sullivan asked the chief executive officer of Etsy.com to reconsider its policy to allow Alaska Natives to keep selling products made from materials such as walrus tusks or from petrified wooly mammoth remains found in the nation's most remote state. Sullivan said he assumes the basis of the policy is to combat elephant poaching in Africa and India and that he supports such efforts. "However, your policy fails to recognize that Alaska Natives are explicitly authorized under federal laws, the Marine Mammal Protection Act, to work with and sell walrus ivory,
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ETSY
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- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Citigroup Inc. from $72.00 to $62.00. They now have a "neutral" rating on the stock.MarketBeat
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $125.00 to $105.00. They now have a "buy" rating on the stock.MarketBeat
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Guggenheim from $95.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
- Etsy, Inc. (NASDAQ: ETSY) was downgraded by analysts at JMP Securities from an "outperform" rating to a "market perform" rating.MarketBeat
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Morgan Stanley from $55.00 to $52.00. They now have an "underweight" rating on the stock.MarketBeat
ETSY
Earnings
- 5/1/24 - Miss
ETSY
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- ETSY's page on the SEC website