NYSE:ETSYMultiline Retail
Etsy (ETSY) Is Down 9.1% After Depop Momentum And Buybacks Reshape Its Mobile Marketplace Narrative
In recent quarters, Hussman Strategic Advisors doubled its stake in Etsy, making the stock its second-largest holding, as Etsy’s core marketplace and Depop resale app both delivered gross merchandise sales growth and management continued executing a US$1.20 billion share repurchase program.
An interesting angle is how Etsy’s mobile-first pivot, with higher app rankings and stronger engagement, is turning Depop into a major growth engine within the broader marketplace ecosystem.
Given Etsy’s...