Etsy loses share value as market continues to offload risky bet

Discussion in 'Market News' started by Lily, Jan 12, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    The e-commerce company has been publicly traded since April and stocks reached a previous all-time-low in November amid scrutiny over seller practices

    After months of decline, Etsy briefly lost more than 7% of its share value on Tuesday, as the market continued to offload one of the startup world’s riskiest bets. The stock recovered shortly after noon, but remained well below its opening.

    Some have attributed the falloff, which began Monday, to the expiration of a “lockup” agreement, which freed some shareholders to sell their portion of the company on the open market for the first time. Another such agreement will expire in April.

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