Etsy stock has lost 76% of its value in 9 months
1–10 of 276 posts
Re: Etsy stock has lost 76% of its value in 9 months
#2This doesn't bode well for other publicly traded B corporations, unfortunately.
Re: Etsy stock has lost 76% of its value in 9 months
#3Angie's List: from $28 in Jul 2013 to $9[0]
Box: from $24 in Jan 2015 to $10[1]
GoPro: from $87 in Oct 2014 to $11[2]
Groupon: from $26 in Nov 2011 to $2.60[3]
GrubHub: from $46 in Apr 2015 to $21[4]
Twitter: from $70 in Jan 2014 to $18[5]
Yelp: from $97 in Mar 2014 to $21[6]
Zillow: from $121 in Feb 2015 to $22[7]
Zynga: from $15 in Mar 2012 to $2[8]
0: http://www.google.com/finance?q=ANGI
1: http://www.google.com/finance?q=BOX
2: http://www.google.com/finance?q=GPRO
3: http://www.google.com/finance?q=GRPN
4: http://www.google.com/finance?q=GRUB
5: http://www.google.com/finance?q=TWTR
6: http://www.google.com/finance?q=YELP
Re: Etsy stock has lost 76% of its value in 9 months
#4This doesn't bode well for other publicly traded B corporations, unfortunately. https://en.wikipedia.org/wiki/Benefit_corporation
Why does this have anything to do with it's status as a B-corp, rather than other market pressures on Etsy specifically, including Amazon's efforts in the space?
Re: Etsy stock has lost 76% of its value in 9 months
#5To be clear, it's lost XX% of it's market cap. The market cap is a knowingly-flawed assessment of earnings potential for a company. Its actual value is probably unchanged.
Re: Etsy stock has lost 76% of its value in 9 months
#6To be clear, it's lost XX% of it's market cap. The market cap is a knowingly-flawed assessment of earnings potential for a company. Its actual value is probably unchanged.
Re: Etsy stock has lost 76% of its value in 9 months
#7Angie's List: from $28 in Jul 2013 to $9[0] Box: from $24 in Jan 2015 to $10[1] GoPro: from $87 in Oct 2014 to $11[2] Groupon: from $26 in Nov 2011 to $2.60[3] GrubHub: from $46 in Apr 2015 to $21[4] Twitter: from $70 in Jan 2014 to $18[5] Yelp: from $97 in Mar 2014 to $21[6] Zillow: from $121 in Feb 2015 to $22[7] Zynga: from $15 in Mar 2012 to $2[8] 0: http://www.google.com/finance?q=ANGI 1: http://www.google.com/f…
If there was only an ETF for shorting the startup tech sector...
Re: Etsy stock has lost 76% of its value in 9 months
#8To be clear, it's lost XX% of it's market cap. The market cap is a knowingly-flawed assessment of earnings potential for a company. Its actual value is probably unchanged.
The value of Etsy changed when Amazon entered its space. It is objectively worth less now that the 800 lb gorilla has decided to eat Etsy's lunch.
Re: Etsy stock has lost 76% of its value in 9 months
#9The lockup agreement expired. Looks like employees and executives are selling up big time.
http://www.marketwatch.com/story/etsy-shares-fall-after-expi...
Re: Etsy stock has lost 76% of its value in 9 months
#10To be clear, it's lost XX% of it's market cap. The market cap is a knowingly-flawed assessment of earnings potential for a company. Its actual value is probably unchanged.
Market cap is just value of a single share * number of shares outstanding. Do you have a better way of valuing a publicly-traded company?
When you say "its actual value is probably unchanged", what value are you talking about?
If you think there is a disconnect between share price and value (however you're measuring that), then it is an excellent opportunity to arbitrage an inefficient market.