Etsy's Stock Drops 15% Amid Fierce Rivals

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Artur Stańczuk
May 5, 2024
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Summary:

Etsy stock plunged 15% after its earnings report showed a decline in sales. Facing fierce competition from Temu and Shein, Etsy's gross merchandise sales fell by 3.7%, down to $2.99B from an expected $3.03B.

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