Founded in 2005, Etsy is a global marketplace for creative goods. It went public in April 2015 and became a constituent of the S&P 500 in 2020. Etsy is a 'two-sided marketplace' that connects sellers of more than 50 merchandise categories with millions of buyers under the motto: 'keep commerce human.' In addition to Etsy, the company also owns Reverb, an online marketplace for buying and selling new, used and vintage musical gear and depop, an online marketplace for used and vintage clothing from around the world. Headquartered in Brooklyn, New York, Etsy is one of the top-ranked U.S. e-commerce sites by monthly visits and has about 2400 employees. As of December 31, 2024, the company had 8.1 million active sellers, and 95 million active buyers. Etsy's top six product categories in 2024 represented approximately $9 billion, or 87% of 2024 Gross Merchandise Sales.

The markets are down at midday, with the Nasdaq lower by 2%. The Fed starts its two-day meeting today with a call on rates due tomorrow. That part of the meeting is a non-event. No rate cut is expected. However, Wall Street will get a glimpse at the Fed's thinking through the Fed's quarterly 'dot plot' which comes out this round. The yield on the 10-year Treasury note is at 4.30%. Oil is at $68 per barrel. Bitcoin is near $81,700.

Etsy operates a top-10 e-commerce marketplace in the US and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $12.5 billion in 2024 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2024, the firm connected more than 95 million buyers and 8 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).

Etsy operates a top-10 e-commerce marketplace operator in the US and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $12.5 billion in 2024 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2024, the firm connected more than 95 million buyers and 8 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).