Stock picking ideas:
ETSY: 52 week low. Ebay or Amazon buyout target?
GSVC: 52 week low. Owns shares of Lyft, Dropbox, Palantir. IPOs soon?
Comments?
>>1043708
Etsy is absolute trash. I had to check to see that it was the same Etsy I was thinking of because I couldn't believe someone thought taking tumblr's arts and crafts room public was a good idea.
Once they let resellers and manufacturers enter the marketplace, it was done. That was its sole niche, and it caved in the hopes that the increased volume of sales would make up for the decrease in prices and quality.
Amazon won't buy it out. They launched their own handmade division. There's nothing Etsy does better than them. I can't see eBay doing it either, as Etsy provides no substantive value to the company. EBay could just create a handmade division or category as well. Etsy's schtick was that it was a marketplace for artists and creative to sell to people that appreciated their work. It was a hugbox, but it was a solid site. With that premise stripped, there are several competitors that do literally everything better.