Thousands of Etsy sellers are going on strike in protest against the increase in fees that the American e-commerce company is charging for those who use its platform. Earlier this year, Etsy’s CEO Josh Silverman announced that starting April 11 the company would increase the 5 percent transaction fee for sellers that has been in place since 2018…
Etsy Shares Gain on KeyBanc Upgrade
KeyBanc analyst Edward Yruma upgraded Etsy Inc. to Overweight from Sector Weight with a $200 price target, suggesting an upside of 22.6 percent. The analyst believes Etsy has some of the most compelling long-term secular growth opportunities in his coverage and that management set guidance reasonably for Q4. His firm’s Key First Look Data has pointed to stable…
NTD Business Full Broadcast (Nov. 5)
The job market recovery is gaining momentum, as the unemployment rate fell to the lowest level in 18 months. Etsy thrives as other businesses suffer. The e-commerce platform seems immune to supply shortages. In fact, they seem to benefit from them. Google-parent Alphabet is building a new lab in the UK. It will use AI…
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