Shares of Etsy (ETSY) tumbled intraday Wednesday after the e-commerce platform reported weaker-than-expected fourth-quarter revenue and indicated that pressure on gross merchandise sales, or GMS, will ...
Sticky inflation and competition from other online shopping platforms such as Amazon.com and PDD Holdings' Temu have hurt Etsy's revenue as consumers opted for lower prices and discounts. While ...
Etsy stock tumbled on a fourth quarter sales miss, as the company blamed a mix of headwinds for lowering total spending.