They can obviously make money by raising a transaction fee a little bit from 3.5% to maybe 5%-7%. eBay has done it to 10% + PayPal fees and they are making billions in net profits.
Etsy stock has lost 76% of its value in 9 months
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Re: Etsy stock has lost 76% of its value in 9 months
#202The lockup agreement expired. Looks like employees and executives are selling up big time. http://www.marketwatch.com/story/etsy-shares-fall-after-expi...
That's crazy. The employees owners just gutted the value of their own company.
...and? Would the company not do the equivalent to them?
Re: Etsy stock has lost 76% of its value in 9 months
#203etsy is clear case of poor management, just taking a brief look at their financial statements it is clear they are doing something clearly wrong. Their revenue is growing but their expenses are growing at the same rate so they remain unprofitable. from 2014 to 2015 revenue grew from 29 million to 45 million per quarter while general expenses grew from 22 million to 31 million. Amazon is another company that does this…
Amazon is frequently in the red.
Re: Etsy stock has lost 76% of its value in 9 months
#204What is etsy spending their money on? What's their main expense? Talent?
Re: Etsy stock has lost 76% of its value in 9 months
#205The lockup agreement expired. Looks like employees and executives are selling up big time. http://www.marketwatch.com/story/etsy-shares-fall-after-expi...
It seems like this would be expected behavior to some extent, couldn't you short a stock right before lockups expire and make easy money?
The risk of the drop (at the time of lockup expiration) is priced into the stock before the lockup expires. So, if the lockups expire, and there is no big sell-off then, the stock price might go up.
Re: Etsy stock has lost 76% of its value in 9 months
#206Angie'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…
Zillow did a 1:3 split in 2015. So really, that one should be $40 to $22.
Yep. Nasdaq chat shows a split last August. I've noticed Google finance seems to have trouble with share splits. Other sites like Yahoo finance handle them just fine.
http://www.nasdaq.com/symbol/zg/stock-chart?intraday=off&tim...
Re: Etsy stock has lost 76% of its value in 9 months
#207Good time to buy.
Re: Etsy stock has lost 76% of its value in 9 months
#208Earlier quoted context omitted.
An alternative hypothesis: maybe they reached the limits of the scalable, addressable, growth market for small-batch, handmade goods?
They did, and then they failed to respond properly because their corporate leaders are a bunch of hippies.
Or they did, but there was pressure to keep growing because investors need to cash out of their over valuation. There's nothing wrong with having a company that serves a market and pays all its people a good wage. Unless of course you over valued a company and invested to much money to get paid out in your 5 year time frame then that's a really shitty thing.
Re: Etsy stock has lost 76% of its value in 9 months
#209I'm not surprised at all. Etsy used to be user based and hand made. Now it's just another market place. They still act like they try to enforce "non-mass-produced" but there are countless examples of the opposite being true. Places where people have directly reported instances of this and the problem is still present. I think the problem is that they stopped caring about their user base and, therefore, became less ub…
What has that got to do with the stock price?
Re: Etsy stock has lost 76% of its value in 9 months
#210"over-hyped gimmicky thing trendy with hipsters out-of-touch with reality starts to fail over short period of time" not surprised one bit. i echo the sentiment of other commenters who give other examples. this is only surprising if you are also out of touch with reality
Who said anybody was surprised?