Reported about 19 hours ago
Etsy has named Kruti Patel Goyal as its new CEO, replacing Josh Silverman, who led the company for over eight years. The appointment comes as Etsy forecasts lower gross merchandise sales (GMS) for the upcoming quarter, citing challenges from U.S. tariffs on imports, particularly from China and Vietnam. While Etsy's shares dropped nearly 7% following the announcement, the company reported a revenue of $678 million for Q3, surpassing analysts' expectations despite a decrease in GMS compared to the previous year.
Source: YAHOO