Etsy is providing a one-month grace period to any seller who needs extra time paying their bills due to the COVID-19 outbreak. The news came in an email from Etsy CEO Josh Silverman on Friday, and the devil is in Read more
Congress is working on emergency relief efforts to help individuals and businesses impacted by the coronavirus outbreak, but Etsy said the self-employed were largely not covered by the current proposals. Many sellers don’t qualify for social safety net programs such Read more
Etsy is acquiring music-gear marketplace Reverb for $275 million in cash. In announcing the news, Reverb founder and CEO David Kalt said Reverb would remain a standalone business, but with the added support of Etsy. “Your ability to buy, sell, Read more
Two years after becoming CEO of Etsy and going on a cost-cutting regimen, Josh Silverman showed his commitment to marketing by hiring a Chief Marketing Officer. Ryan Scott will join Etsy on June 24, 2019, in the newly created position Read more
Etsy held its annual shareholder meeting this morning, and it held no surprises. Etsy CEO Josh Silverman gave a brief presentation, and there were no questions from shareholders. (Unlike eBay, Etsy included the Q&A session in its webcast, while Amazon Read more
Etsy’s Board of Directors amended its executive severance plan, which outline what a top executive receives when terminated, aka “golden parachutes” or “golden handshakes.” The new terms of the plan take effect on January 1, 2019. According to the filing Read more
Etsy CEO Josh Silverman voiced his commitment to vintage goods on the Etsy marketplace, which is generally better known for its handmade goods. Silverman and Kruti Patel Goyal, General Manager of Seller Services, answered seller questions on a November 13 Read more
Etsy grew sales 20.4% in the third quarter of 2018 (July, August, September), it announced on Tuesday. It grew revenue 41.3%, and raised its full year 2018 guidance. The much faster growth in revenue compared to sales is not surprising Read more
It’s always interesting to compare the sales growth rates of the major marketplaces when they release them each quarter. eBay announced first-quarter earnings on April 25th – it grew Gross Merchandise Volume (the value of goods sold on its Marketplaces) Read more
It’s hard to believe that just one year-and-10-days ago, it was business as usual at Etsy under a CEO who had happily reigned for 6 years. But on May 2, 2017, the company’s Board of Directors abruptly turned things upside Read more
