
Etsy, Inc (NASDAQ:ETSY) and Pinterest, Inc (NYSE:PINS) were trading higher Friday by 14% and 2%, respectively, in line with the S&P 500, which was continuing to push higher in an attempt to erase some of the 12% loss the index has suffered since Jan. 4.
Both Etsy and Pinterest have been severely beaten down. Etsy has plummeted over 52% from its Nov. 26, 2021 all-time high of $307.75 and Pinterest has plunged about 71% since reaching an all-time high of $89.90 over a year ago on Feb. 16.