Your Etsy side gig is about to get more expensive [MarketWatch]
Etsy, Inc. (ETSY)
Last etsy, inc. earnings: 2/26 04:05 pm
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Source: MarketWatch
Your Etsy side gig is about to get more expensive Since 2017, Christine Fox has been building a following on the online craft marketplace Etsy. ETSY, +2.04% She’s made more than 150 sales of $20 candle holders and $220 wool blankets that she knits herself, and amassed more than 600 fans who follow her work on the site. But after about a year of growing her business, she’s packing up and moving on. She doesn’t want to pay the additional overhead costs that Etsy announced on Thursday. The company is increasing the fees that sellers must pay on purchases from 3.5% to 5%. Fox said she paid more than $1,000 between November and December of 2017 in fees to Etsy, which took a significant bite out of her overall profit. “I can’t afford it,” she said. “Etsy is sending the message that it doesn’t care about its customers.” Fox was one of a chorus of Etsy vendors voicing their concerns on Twitter TWTR, -2.00% after Etsy announced the fee increase. Many said they would move to different on
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News
- Handmade Jewelry Market to Reach $472.5 Billion Globally by 2032 at 11.9% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Etsy: Competition Concerns Already Priced In [Seeking Alpha]Seeking Alpha
- Etsy, Inc. (NASDAQ: ETSY) had its "underweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $55.00 price target on the stock, down previously from $65.00.MarketBeat
- Etsy (ETSY) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Etsy to Announce First Quarter 2024 Financial Results on May 1, 2024PR Newswire
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