On: Etsy is under pressure to start acting more like a conventional company

[dominotw]

Why is ETSY stock soaring? I don't get it. Are they doing something to get rid of crap on their site?

Edit: sorry, I meant soaring this week.

[6stringmerc → dominotw]

TPG invested in a pretty significant stake. They are "change-oriented" management / investors. Active.

If there's money to be made in the model, they're pretty well established as experts finding it.

I heard the investment news via David Johnson on KRLD, he's worth following.

[Qwertious → dominotw]

Don't forget: If you think ETSY is going to die, then short it, for FREE MONEY. Free except the risk that you're wrong, that is. So not really free at all.

[goseeastarwar → dominotw]

Soaring is charitable, because it's still under the IPO price, but Wall St is happy the board fired the founding CEO and CTO.

[pcsanwald → goseeastarwar]

sorry to be pedantic, but Rob Kalin founded Etsy. pretty sure the departing CEO and CTO weren't founders.

[valuearb → dominotw]

it's down over 50% since the IPO.

[sushid → valuearb]

Not actually? It's trading at $12.97 at the time of this writing. Its IPO price was $16.

[valuearb → sushid]

You are right, I was referring to it's peak price on IPO day. It did sell it's shares for $16 in the IPO. But either way it's performance has been horrid, 3 years of a -20% is bad enough but it actually slipped to $7 at one point and has only recovered to $12.97 because the CEO got canned and a private equity firm is trying to restructure the entire business.