What happened to Etsy in 2022?

Then, in April 2022, Etsy announced it was raising seller transaction fees from 5 percent to 6.5 percent. As a result, a number of Etsy sellers went on strike between April 11th and 18th of that year.

Is Etsy losing market share?

Since e-commerce is once again growing as a percentage of retail sales, this clearly means that Etsy is losing market share. While there was a "normalization" period for e-commerce, it appears to be over and it is now close to its previous growth trend. As the company has made investments trying to reignite growth, this has affected profitability.

Is Etsy still in demand?

In Q1 2024, Etsy reported an increase in active buyers to a record-high of 91.6 million, up 1.9% y/y, despite a challenging economic environment. This growth indicates that there is still potential for expansion within the business. The sustained high number of active buyers informs me there's still demand for Etsy's platform.