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Benzinga
Benzinga
Technology
Chris Katje

Etsy Strike: Why Are Sellers Protesting And What Could It Mean For The Stock

Etsy Etsy Inc Nasdaq NYSE Twitter Inc. Josh Silverman

A trending topic on Twitter Inc (NYSE:TWTR) Monday and Tuesday has been #EtsyStrike, a boycott of the e-commerce site Etsy Inc (NASDAQ:ETSY). Here’s why sellers on Etsy are leading the boycott of the site.

What Happened: On Monday, April 11, 2022, a new fee increase went live for sellers on Etsy. Announced in February during the company’s quarterly earnings report, Etsy said it was raising its seller transaction fee from 5% to 6.5%.

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