Announcement Is Etsy running out of money?

[Graybeard]

Beware of contracts of adhesion.
This seems to be going on without good reason.
What is your plan 'B' always matters

Etsy accused of 'destroying' sellers by withholding money

The online marketplace has come under fire for putting 75% of sellers' takings on hold for 45 days.

www.bbc.com

 

[T J Tutor]

contracts of adhesion

This has been gaining traction in Tier 2 & 3 countries, but has been diminishing in Tier 1. I am surprised Etsy was willing to venture into those waters.

 

[Graybeard]

I don't follow ETSY routinely however:

"Someone with a lot of money to spend has taken a bearish stance on Etsy
Etsy Stock (NASDAQ:ETSY), Quotes and News Summary
And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with ETSY, it often means somebody knows something is about to happen."

Looking At Etsy's Recent Unusual Options Activity - Etsy (NASDAQ:ETSY)

www.benzinga.com

Where there is smoke ...

Etsy sellers say a fraud protection program is destabilizing their businesses

Some sellers have thousands of dollars tied up.

www.theverge.com

Last Friday

Possible, the BBC story got out ahead of press.

75% is a ridiculous reserve to hold --They have cash flow issues

 

[Honeybadger]

Shameful doing this
to hard working people
dumb policy move as well
from business angle
gonna have serious vendor fallouts
like mass exit of sellers
and new sellers wont go there
but etsy have always had poor reviews
company culture is strange
customer service says a lot
about senior management
and in a desensitized world
its actually shocking news really
question is
--> where will the sellers go?

 

[Graybeard]

--> where will the sellers go?

not too far with Etsy holding 75% of their earned revenue hostage.

A rolling 10% reserve is not unheard of for high risk transactions but you know that entering the agreement.

 

[Honeybadger]

not too far with Etsy holding 75% of their earned revenue hostage.

A rolling 10% reserve is not unheard of for high risk transactions but you know that entering the agreement.

Best alternative platforms?
as affiliate I will never promote anything
via etsy