Why Etsy Stock Surged Today

Joe Tenebruso, The Motley Fool
·1-min read
Why Etsy Stock Surged Today

Shares of Etsy (NASDAQ: ETSY) climbed 11.5% on Friday after the online marketplace for handcrafted goods delivered strong fourth-quarter results. Etsy's revenue soared 128.7% year over year to $617.4 million. "2020 was an inflection point in history for e-commerce and for Etsy, with millions of buyers choosing us for their everyday needs," CEO Josh Silverman said in a press release.