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ETSY - Etsy, Inc
Etsy, Inc. (ETSY) is an American e-commerce company headquartered in Brooklyn, New York. It operates a global online marketplace where individuals and small businesses can buy and sell handmade and vintage goods, as well as unique factory-manufactured items. The company was founded in 2005 and went public in 2015.
Etsy's marketplace has over 90 million registered users and over 4.3 million active sellers, who collectively sold over $10 billion worth of goods in 2020. The company earns revenue primarily by charging fees on sales made through its platform, including transaction fees, listing fees, and payment processing fees. In addition, it generates revenue from advertising services, promoted listings, and Etsy Payments.
Etsy has expanded its business by acquiring other companies, including Reverb, a marketplace for buying and selling musical instruments, in 2019. The company also launched Etsy Wholesale in 2014, a platform for connecting independent retailers with makers to purchase wholesale products for resale.
Etsy is traded on the NASDAQ stock exchange under the ticker symbol ETSY. As of February 2023, the company had a market capitalization of approximately $32 billion.
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