Why Etsy Stock Tanked Today

·3-min read
Why Etsy Stock Tanked Today

Shares of online marketplace Etsy (NASDAQ: ETSY) tanked on Thursday after the company reported financial results for the first quarter of 2021. Q1 sales on Etsy's platform (known as gross merchandise sales, or GMS) were up an outstanding 132% from the first quarter of 2020. Of course, Etsy doesn't sell products directly.

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