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0 0.00161910544424202 -0.00220198340416924 0.0017202995345072 0.000404776361060433 0.00586925723537744 0.000404776361060433 -0.00161910544424202
Stock impact report

Contray Guys: Etsy's down, but unclear if out [Globe and Mail, The (Toronto, Canada)]

Etsy, Inc. (ETSY) 
Last etsy, inc. earnings: 2/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.etsy.com
e-commerce platform are down more than 80 per cent from a 2021 high of more than US$300. A drawdown of this magnitude is huge and has landed the name on our contrarian radar. Back in 2020 and 2021, e-tailers such as Etsy ETSY-Q decrease , which connects artisans and related small businesses with shoppers, saw significant gains as consumers shifted to online shopping during pandemic lockdowns and sellers moved to digital platforms to meet the demand. Not only did Etsy benefit from a trend that lifted most e-commerce boats, its handcrafted and vintage merchandise proved particularly popular during the dark, isolating COVID years. As retail normalized, Etsy's sales growth and user numbers slowed, and inflation cut into discretionary spending. The platform saw fee increases, higher rates of seller dissatisfaction and a less enthusiastic consumer base, as Etsy's roots in specialized, quality products were tainted by a proliferation of low-quality, mass-produced merchandise. Today, Show less Read more
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