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Stock impact report

Investors Love Etsy’s CEO. The Artists Aren’t So Sure [Bloomberg Business News]

Etsy, Inc. (ETSY) 
Last etsy, inc. earnings: 2/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.etsy.com
A year ago, Etsy Inc. was in trouble. Sales growth was slowing, expenses were climbing, and its stock had slumped 65 percent since a 2015 public offering. Activist investors were clamoring for change, and in May 2017 they got it: The board fired longtime Chief Executive Officer Chad Dickerson and replaced him with Josh Silverman, a former EBay Inc. and American Express Co. executive. Silverman, 49, is worlds away from Etsy co-founder Rob Kalin, who started the marketplace as a kinder, more equitable way for artisans to sell their work online. Kalin later decamped for New York’s Catskill Mountains to establish a community for artists in a reclaimed mill. While Kalin was building Etsy in the mid-2000s, Silverman was at EBay earning a reputation as a sharp-penciled turnaround specialist whose signature achievement was fixing the Skype division for an eventual lucrative sale to Microsoft Corp. Silverman has brought to Etsy the kind of relentless focus on customer ex Show less Read more
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