Supreme Court’s internet sales tax ruling may be a nightmare for small businesses [The Verge]
Etsy, Inc. (ETSY)
Last etsy, inc. earnings: 2/26 04:05 pm
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Source: The Verge
The ruling may have far-reaching consequences for companies like Amazon, Etsy, and eBay In the wake of yesterday’s Supreme Court ruling , e-commerce companies are understandably both concerned and uncertain of their future. The 5-4 verdict overruled a 1992 precedent set by the case Quill v. North Dakota that only addressed mail-order businesses at the time, but it became a powerful legal bedrock for the e-commerce industry. It let companies without a robust physical infrastructure thrive during and after the dot-com boom by exempting purchases from sales tax, so long as the seller did not have a physical operation in the state where the customer resided. Now, following the court’s decision, states can start charging sales tax on internet purchases even when a retailer has no physical presence in that state. A number of retailers, from Amazon to Etsy to Overstock.com, may be impacted. It’s not necessarily because those corporations have been skirting sales tax collection,
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News
- Etsy (ETSY) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $80.00 to $65.00. They now have a "hold" rating on the stock.MarketBeat
- Etsy (ETSY) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Wells Fargo & Company from $62.00 to $60.00. They now have an "underweight" rating on the stock.MarketBeat
- Etsy (ETSY) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
ETSY
Earnings
- 2/21/24 - Miss
ETSY
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- ETSY's page on the SEC website