SUPERNEWS - NASDAQ:ETSY (Etsy, Inc.) Stock Price, News, Quote, History

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Etsy debuts Super Bowl ad to showcase new Gift Mode amid workforce reduction

Pre-Market: Morgan Stanley's Picks: eBay Up, Etsy Down in Pre-Market

eBay (EBAY) and Micron Technology (MU) see premarket gains of 3% and 2%, respectively, driven by Morgan Stanley's optimistic outlook and a $6 billion grant for Micron's manufacturing expansion. - Etsy (ETSY) and Las Vegas Sands (LVS) face pre-market declines of 4% each due to a downgrade for Etsy and disappointing results from Las Vegas Sands' Macau operations.

4/18, 08:44 EDT

Etsy Inc. Stock Falls 8% After Missing Q4 Earnings and Soft Guidance

Etsy's stock falls 8% on earnings miss and cautious fiscal year start, with a potential decline in GMS.

2/21, 16:35 EST

Etsy's Restructuring: $30M Charge, Leadership Overhaul

## Key Takeaway ```Etsy announces an 11% workforce reduction and the departure of CMO Ryan Scott in a restructuring plan, with charges between $25M$30M; COO Raina Moskowitz to assume marketing duties.``` ## Etsy Announces Workforce Restructuring - Etsy, the Brooklyn-based online marketplace operator, plans to cut 11% of its marketplace workforce as part of a restructuring effort. - The company's Chief Marketing Officer Ryan Scott will also depart as part of the restructuring, effective December 31st. - The restructuring plan is expected to result in charges of $25 million to $30 million and is anticipated to be substantially completed by the end of the first quarter of 2024. ## Impact on Headcount and Leadership Changes - After the restructuring, Etsy's core marketplace team will have a headcount of about 1,770 employees, similar to levels seen in early 2022. - Chief Operating Officer Raina Moskowitz will take on the additional role of marketing chief following Scott's departure. - Payments and fulfillment functions that were previously under Moskowitz’s organization will now be led by Chief Product Officer Nick Daniel in the product organization. ## Financial Implications - As part of his transition period and for one year after his employment ends, Scott will receive his base salary of $460,000. - The company expects charges related to the restructuring plan but aims for substantial completion by Q1 2024.

1/9, 21:02 EST

S&P Futures Up 0.26%; Alcoa Rises, Etsy Falls in Premarket

S&P 500 Futures Rise 0.26% Amid Mixed Global Markets; Equifax, Synovus Trail in Premarket Movements

4/19, 00:45 EDT

Etsy debuts Super Bowl ad to showcase new Gift Mode amid workforce reduction

2/9, 20:14 EST

Pre-Market: Morgan Stanley's Picks: eBay Up, Etsy Down in Pre-Market

4/18, 08:44 EDT

Etsy Inc. Stock Falls 8% After Missing Q4 Earnings and Soft Guidance

2/21, 16:35 EST

ETSY News

Apple’s 27% App Store Fee Plan Faces Judicial Skepticism Amid Epic Case

5/17, 19:58 EDT

Tesla Buy Rating, Carvana Surges, TJX Upgraded

5/2, 08:33 EDT

After-Market: Tech and Retail Stocks: A Tale of Unpredictable Shifts

5/1, 17:12 EDT

S&P Futures Up 0.26%; Alcoa Rises, Etsy Falls in Premarket

4/19, 00:45 EDT

Thursday's Analyst Calls: Tesla Down, Nvidia & Zoom Up, JetBlue Neutral

4/18, 08:57 EDT

Pre-Market: Tech and Airline Stocks Lead Pre-Market, Etsy Dips

4/18, 08:49 EDT

Pre-Market: Morgan Stanley's eBay Upgrade Sparks Pre-Market Moves

4/18, 08:47 EDT

Pre-Market: Morgan Stanley's Picks: eBay Up, Etsy Down in Pre-Market

4/18, 08:44 EDT

Reverb Shrinks HQ, Joins Salt Shed in Music Hub Move

4/9, 15:43 EDT

Sohn Conference Highlights Top Long and Short Investment Picks for 2024

4/3, 17:42 EDT

Intraday: Biotech Surges, Tech Tumbles: Market's Mixed Signals

4/3, 13:36 EDT

Market Enthusiasm Fades for TMTG Amid Legal and Financial Challenges

4/1, 10:58 EDT

AI Frenzy Boosts Korean Stocks Amid Record Foreign Investment

3/31, 21:20 EDT

Navigating Market Euphoria: Strategies for Investors Amid Bull Market

3/2, 23:23 EST

Ukrposhta: Delivering Resilience Amidst War, Plans for Post-Conflict Growth

2/23, 05:21 EST

[TOP MOVERS] Nvidia Ignites AI Boom, US Stocks Poised for Rally

2/22, 08:50 EST

[TOP MOVERS] Nvidia's Forecast Sparks Tech Rally, S&P 500 Futures Up 1.3%

2/22, 07:48 EST

[TOP MOVERS] Nvidia's AI Forecast Ignites Tech Rally, S&P Futures Up 1.3%

2/22, 06:30 EST

Nvidia's Surge Sparks Semiconductor Sector Rally

2/21, 19:54 EST

[TOP MOVERS] Nvidia's Surge Sparks Tech Optimism, Rivian Stumbles

2/21, 17:05 EST

Etsy Inc. Stock Falls 8% After Missing Q4 Earnings and Soft Guidance

2/21, 16:35 EST

AI companies leverage Super Bowl spotlight to reshape public perception of artificial intelligence

2/13, 10:07 EST

E-commerce Dynamics Shift as Wish Acquired by Qoo10 Amidst Temu's Advertising Surge

2/13, 09:28 EST

S&P 500's Historic Surge Faces Momentum Test, Eyes on CPI

2/12, 09:43 EST

S&P 500's Historic Surge Faces Momentum Shift Test

2/12, 07:07 EST

Etsy debuts Super Bowl ad to showcase new Gift Mode amid workforce reduction

2/9, 20:14 EST

Elliott Management's Etsy Stake Ignites 10% Stock Surge

2/2, 02:58 EST

Etsy Slashes Workforce Amid Sales Stagnation Fears

1/9, 21:02 EST

Etsy's Restructuring: $30M Charge, Leadership Overhaul

1/9, 21:02 EST

Wall Street Views

Chief Market Technician at BTIG

Jonathan Krinsky, 2/12/24

ANET

CDNS

ETSY

“This is not a call on the overall market, but we are likely nearing an inflection in momentum, where high-momentum falls, low-momentum rallies, or both.”