Q: Hi, Pat. I would appreciate your thoughts on Etsy? Seems like an interesting business but at some risk of being dominated by Amazon. Is it worth an investment? Potential buyout target for Amazon? Thanks.
A: Etsy Inc., $50.00, symbol ETSY on Nasdaq (Shares outstanding: 120.2 million; Market cap: $6.1 billion; www.etsy.com), provides an online marketplace for buyers and sellers of unique and creative goods. The company was founded in 2005 and is headquartered in Brooklyn, New York.
The platform generates revenue primarily from listing fees of $0.20 per item and a final value sales fee of 5%. A small but growing revenue stream comes from fees for extra services such as promoted listings, payment processing, and shipping labels.
Etsy first sold shares to the public in an IPO on April 16, 2015, at $16 per share. The shares hit an all-time high of $73.45 in March 2019. Since then the value of Etsy stock has dropped almost 31%.
In July 2019, the company acquired Reverb.com, a marketplace for buying and selling new, used and vintage music gear, for $275 million. Reverb.com has a complementary product line and brand presence that should benefit from Etsy’s superior platform selling…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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COMMENTS: TERMS OF USE
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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