Retail Merchants Linked to Etsy and SVB Facing Delayed Payments

Etsy and its peers like Shopify have had to kickstart their restrategizing agenda. Retail merchants selling on several online marketplaces including American e-commerce marketplace Etsy Inc (NASDAQ: ETSY) are reportedly seeing delays in their payments owing to their dependence on distraught Silicon Valley Bank (SVB). As a marketplace that operates round the clock, proceeds of … Read more

Etsy Reports Q4 2022 Results Beating Revenue Estimates, ETSY Stock Jumps 6%

As Etsy managed to beat the Street estimates for Q4 2022 revenue, ETSY stock price surged by 6.46% in aftermarket hours. In Q1 2023, Etsy is expecting gross merchandise sales (GMS) anywhere in the range of $2.95 billion to $3.15 billion On Wednesday, February 22, public-listed e-commerce firm Etsy Inc (NASDAQ: ETSY) reported the results … Read more