Why Etsy's 80% Stock Plunge Might Not Be the End of Its Troubles
Shares of Etsy (NASDAQ: ETSY) fell dramatically after it reported full-year 2024 earnings, with the stock off by around 10% or so as of this writing. But looked at over the long term, that drop is barely noticeable because the stock has now fallen more than 80% from its peak in late 2021. Here's why there could be more trouble to come for the company.Etsy operates marketplaces that connect buyers and sellers. Its most prominent business is its namesake platform, which accounted for around 86% of the company's revenue in 2024. This business unit offers creators and artists the opportunity to sell their wares directly to customers.Image source: Getty Images.Continue reading
Shares of Etsy (NASDAQ: ETSY) fell dramatically after it reported full-year 2024 earnings, with the stock off by around 10% or so as of this writing. But looked at over the long term, that drop is barely noticeable because the stock has now fallen more than 80% from its peak in late 2021. Here's why there could be more trouble to come for the company.
Etsy operates marketplaces that connect buyers and sellers. Its most prominent business is its namesake platform, which accounted for around 86% of the company's revenue in 2024. This business unit offers creators and artists the opportunity to sell their wares directly to customers.
Image source: Getty Images.
