Etsy sellers strike.Etsy made bank over the pandemic. In 2020, they more than doubled their gross marketplace sales. In 2021, they kept those pandemic sales gains and broke their 2020 record by $3.2 billion dollars.
In June of 2021, they acquired Elo7, the “Etsy of Brazil” to the tune of $217 million dollars cash.
In July of 2021, they completed acquisition of Depop, a British fashion marketplace, to the tune of $1.625 billion dollars, primarily cash.
They followed up these record pandemic gains by turning around and sticking it to their sellers.
On April 11, 2022, they plan to increase our transaction fees by 30%.
Yet another company that has a reputation of being rainbows and joy and employees with colored hair, that is, in fact, a corporation.