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Benzinga
Benzinga
Business
Melanie Schaffer

Etsy Stock Slides Following Strike, Unionization Talk: Why A Bounce May Be Incoming

Etsy Etsy Inc Nasdaq

Etsy Inc (NASDAQ:ETSY) is falling on Monday in a continued downtrend that began March 22 when it topped out at the $151.50 level.

Etsy created contoversy among its vendors after raising its transaction fees for artisans and merchants who sell their products on the site from 5% to 6.5%. The increase caused some sellers on the site to strike, shuttering their online stores and beginning to discuss unionizing.

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