Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Etsy Sellers Protest Against Fee Hike: WSJ

  • More than 15,000 of Etsy Inc's (NASDAQ:ETSY) digital marketplace sellers have signed a petition against the company's move to raise the commission it charges on each transaction to 6.5% from 5%, the Wall Street Journal reported.
  • The fee hike, the first since 2018, is effective from April 11.
  • The company said it expects to invest most of the incremental revenue from this fee increase in marketing and seller tools.
  • The company's consolidated Q4 revenue improved 16.2% year-over-year to $717.1 million, ahead of the consensus of $685.45 million.
  • Price Action: ETSY shares are trading higher by 0.23% at $116.85 on the last check Monday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.