Why Etsy’s stock is down 66% this year

Why Etsy’s stock is down 66% this year

Etsy’s (ETSY) stock has struggled this year so far, declining more than 66% this year to date.

The entire tech sector’s been getting pummeled amid the broader bear market, but Etsy’s stock has been among the hardest hit. Snap (SNAP), Netflix (NFLX), and Shopify (SHOP) are among the other companies that have seen massive declines amid inflation, the war in Ukraine, rising gas prices, and escalating interest rates.

Shares of Etsy, where crafters can sell their wares online, collapsed more than…


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