Discussions

ETSY INC DRN discussion

3 days ago

Volume shelf at $54, also lines up with wvap. expecting it to support there, might take a long position based on the daily volume candle for a swing trade

Apr 30

h4 tradingview.com/x/iX5pDkQ5/ eyes on 69.20 for break and bottom signal, or doom if 64.89 fails

Apr 23

as a seller on this platform and an investor - stay away from this stock for dear life. The company is horrible, sales have been declining across the entire platform in every category, and it’s best summed up by the thousands of reviews found here. The sellers talking about having their shop ban for zero reason? Happen to me before too, and I have 92,000 orders filled on the platform. Want to call their phone number and find out why? They don’t have one. Want to speak to their customer service or review teams ? Impossible. And each month despite taking about 40% of the total order in fees and another 20% in marketing, they find a new fee to add such as charging you another 8% on top of the fees and marketing on Etsy if they think the sale came from “off platform ads “- another thing they made up to tack on more fees. As an investor you may be thinking well good, they will get more revenue. But any shop worth their salt is leaving or has left the platform as it’s become completely unsustainable, including mine which is desperately trying to get off of it entirely despite being the #2 shop in my respective niche on the platform. And if you ever dare to reduce you marketing spend on their cost per click budget they give you by even a dollar, one single dollar, you can expect a 70-80% revenue decline for at least several weeks, as they are keen to get retribution by knocking you to page 25 where no buyer will ever go.

Again, horrible company for investors. Horrible for sellers, and with years of experience in owning and operating a business on the platform, I can tell you first hand it is abseoutly not worth it. The fact that they have two billion in debt and two billion in assets alone should be a red flag, the fact that they have less than 3K employees yet they have boasted about an apparent “3 million sellers and 12 million customers “ should tell you the level of service they are even capable of providing is WAY too low - a buyer reports a shop that successfully filled their order, and because they have 3K staff reviewing a half million reports a day, they simply click “ Accept report, ban shop” without even looking. “Accept report and refund buyer” even when they have gotten their item and the seller can prove it, sometimes actual mins after the buyers do such a thing , and before ever contacting the seller. And they will send the buyers with confirmed delivery full refunds from your businesses checking account without your approval or even bothering to ask if the customer simply asks them too. It’s insane.

Cannot wait to get my handmade and vintage goods OFF this platform. Glad it’s not part of my investment portfolio.

consumeraffairs.com/online/etsy.html