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Etsy is laying off 11 percent of its staff
Etsy is the latest company to lay off staff in 2023. The online retailer is letting go of 11 percent of its staff in the company’s first significant staffing cut in recent years.
Etsy launches its own wedding registry service
It's free for anyone with an account.
US regulators will protect all deposits at Silicon Valley Bank
US regulators have announced that they're taking action to "fully" protect all deposits at Silicon Valley Bank (SVB).
Etsy warns of merchant payment processing delay due to Silicon Valley Bank collapse
Following the collapse of Silicon Valley Bank, Etsy is warning sellers it may take longer than usual for the company to process some payments.
Etsy adds image-based search, but only on iOS for now
The company suggests the feature is ideal for those situations where you’re not quite sure how to describe something.
Etsy introduces purchase protection measures for both buyers and sellers
Starting August 1st, Etsy will refund buyers on purchases if they "don't match the item description, arrive damaged, or never arrive."
Etsy sellers go on strike over fee hikes
Etsy sellers have started a strike in response to fee increases and other programs.
Etsy seller group plans to strike over fee increases
Etsy sellers will strike on April 11th over a hike in fees, and they're asking shoppers to boycott the site.
Etsy is cancelling $4 million in Ukraine seller fees
Etsy is writing off seller fees for Ukraine residents to support creators affected by the Russian invasion.
Etsy is acquiring the reseller Depop in a bid to reach Gen Z
Etsy is acquiring secondhand clothing marketplace Depop for $1.625 billion.
Etsy vows to crack down on banned items amid investigation
Etsy said it's clamping down on sales of banned items like weapons and ivory mere days after an investigation showed these goods available for sale.
Etsy app adds AR to help you with art placement
Etsy is helping customers preview wall art in their own spaces with a new augmented reality feature on its iOS app. So, you no longer have to rely on imagination alone when wondering if a certain art print would look good above your couch.
It’s hard to make real money selling virtual goods
Can you make a living selling tchotchkes inside video games?
Etsy's new ad policy could force more fees on merchants
Etsy is once again in hot water for its latest attempt to boost sales. This week, the company introduced a new "risk-free" offsite advertising service in which it plans to enroll some of its sellers automatically. Under the new system, Esty says it will use its "budget" and "expertise" to help merchants advertise their products on websites like Google, Instagram and Pinterest. If one of those ads leads to a sale within 30 days, the company will charge the seller an advertising fee.
Etsy buys music gear marketplace Reverb to expand its reach
Etsy is expanding its online shopping empire, albeit not in the way some would have expected. The company plans to acquire Reverb, one of the largest marketplaces for musical instruments, for $275 million. This is a chance to expand into a "new vertical" with a business that follows a similar strategy, Etsy said. It intends to run Reverb as a stand-alone business and help it grow through improved search, a stronger community and easier buying and selling.
Etsy faces backlash over attempt to push free shipping
Etsy's latest attempt to boost sales isn't sitting well with creators. The company has announced that, starting July 30th, it will give "priority placement" in US search results and advertising to items that ship free and to sellers that guarantee free shipping on orders costing $35 or more. While it's offering a tool to help include the shipping cost in the price, the decision has outraged sellers on Etsy's forums and on social networks -- they're concerned that this effectively punishes smaller outfits that can't afford to swallow the shipping costs.
Etsy will offset its sellers' carbon emissions free of charge
Most of us have accepted one-click shopping as the new norm. But what we tend to forget is how much CO2 is generated by that one click. In the US, 55,000 metric tons of CO2 are produced daily as a result of online shopping package delivery, and online retailers like Etsy are working to address that. Today, Etsy announced it will offset 100 percent of its shipping-generated carbon emissions, making it the first major online shopping platform to do so.
California delays net neutrality law while federal lawsuit plays out
Last month, California's governor signed the state's net neutrality bill into law, legislation that restores the net neutrality protections the FCC repealed last year. However, the state was quickly hit with a lawsuit from both the Department of Justice and industry groups representing companies like AT&T, Charter and Verizon, which claimed the law ran afoul of the FCC's regulations. California's law was set to take effect at the start of next year, but the state has now agreed to delay its implementation and stay the litigation until a federal challenge to the FCC's decision is settled.
Etsy thinks raising fees will lure sellers away from eBay
Normally, a company taking a larger cut of your sales is a bad thing. Etsy, however, thinks differently. As part of a sweeping set of changes, the craft marketplace is raising the seller fee from 3.5 percent to 5 percent (which now includes shipping) on July 16th as part of an effort to "invest even more in bringing buyers to Etsy." If there's more revenue, the company argued, it could dramatically hike its advertising outlay (spending is jumping 40 percent in 2018 alone) and attract more buyers. The company has even teamed with NBC on a competitive reality show, Making It, that might reel in people who have never heard of Etsy before.
Tumblr and Etsy among those posting ‘red alerts’ for net neutrality
Fight for the Future has announced another day of action aimed at encouraging support of a Congressional vote to overturn the FCC's removal of net neutrality protections. In December, the FCC voted to overturn Obama-era net neutrality protections, a decision that was published in the Federal Register on February 22nd. The Senate has 60 days from that date to overturn the decision, as per the Congressional Review Act, and Democrats are planning to take the procedural step to force such a vote on May 9th. Between May 9th and the vote, BattleForTheNet.com is calling for websites to "go red" as part of its Red Alert for Net Neutrality Campaign.
