Why are people going on strike against Etsy?

Thousands of Etsy sellers are on a weeklong strike to protest a recent hike to transaction fees, and other changes. Kristi Cassidy, the strike's lead organizer, and other Etsy sellers are now considering forming a union.

Why are sellers on strike at Etsy?

Amid a wave of union organizing at companies like Amazon and Starbucks, the Etsy sellers strike is actually about marketing. Thousands of Etsy sellers went on a weeklong strike on April 11 to protest an increase in the transactional fees the marketplace charges for sales through its platform.

Why is there a Esty strike?

“The real reason the transaction fee led to so many Etsy sellers striking is that it was our final straw,” Cassidy said. “Etsy is not providing a service worth 5 percent right now, and they are raising it to 6.5. This pushed sellers over the edge, and we've had enough.”

What is going on with the Etsy strike?

In a statement provided to the Herald-Tribune, an Etsy spokesperson said that the things striking sellers said they want addressed will, in fact, be remedied by the funds generated through the fee increase, including marketing, customer support and removing listings that don't meet the company's policies.

Why are they boycotting Etsy?

Thousands of sellers on Etsy are going on strike, protesting the e-commerce platform's decision to hike transaction fees from five to 6.5 per cent. Etsy argues the fee increase will help the company invest in marketing and expand support staff.

Why Etsy sellers are going on strike

What can I do instead of Etsy?

What is the future of Etsy?

Future Estimates

Taking into account the latest annual results, the most recent consensus for Etsy from 17 analysts is for revenues of US$2.78b in 2022 which, if met, would be a decent 19% future growth. On the other hand, EPS is forecast to sink 14% to US$3.34 in the same period.

Why is Etsy shutting down shops?

All Etsy shops get shut down because they did not follow Etsy's selling policies. Understand that it's HARD to get shut down and you don't have to worry if you're doing things on the up and up. I know you still may worry because you hear horror stories online, but again those people weren't following the policies lol.

Why these Etsy sellers are leaving for Shopify?

Etsy sellers are leaving the app for ecommerce platform Shopify despite Etsy recently becoming the second biggest ecommerce platform after Amazon. Sellers say that the selling fees, competitive search results and Shopify's new badge programme were factors in their decision.

Why is Etsy taking so much money?

Etsy charges sellers money so they can cover their fees for website hosting, website maintenance and growth, marketing, customer service, and costs associated with conducting transactions, collecting payments, and transferring funds.

Who started the Etsy strike?

Kristi Cassidy is one of the creators of the Etsy Strike petition, along with fellow sellers she connected with on Reddi.

Is the Etsy strike real?

Legally, this isn't a strike, because these sellers are not employees of Etsy, says Chris Rhomberg, a sociology professor at Fordham University. That means they aren't protected by the National Labor Relations Act. Still, “it's clear they realize they don't have any real bargaining power with Etsy as individuals.”

Are Etsy sales down 2022?

Amid a swoon in e-commerce activity and investing this year, Etsy had lost more than half its valuation heading into the print, falling 51.9% so far in 2022 as the S&P 500 index SPX, +3.06% declined 12.4%.

Who is bigger Etsy or Shopify?

Etsy has 1.7 million users selling to over 33 million buyers. In 2017 these shoppers spent over $3 billion on Etsy. Shopify boasts an even more impressive figure: over $82 billion has been sold on Shopify.

Is Etsy still a good place to sell?

Selling on Etsy is worth it in 2022 because it's one of the quickest, cheapest, and easiest ways to get your handmade products online and hooked up with a shopping cart function. It's also a low-risk option when compared to building a website.

Is Etsy owned by eBay?

Etsy does not professionally partner with other sites such as Facebook, eBay, or Amazon.com. Because they are their own parent company and owner, Etsy has a lot of freedom about how they want to operate their business and how they want to change the market scape for themselves.

Does Disney go after Etsy sellers?

Etsy, a popular online shop where people can sell their handmade items, is now the target of Disney. In an effort to garner some business for their small shop, Etsy sellers have made their own homemade Baby Yoda plushies and toys- but Disney quickly caught on.

How many Etsy sellers are striking?

Some 14,000 Etsy sellers (of the marketplace's 5 million active sellers) plan to be on strike for one week, beginning today. While the fees have garnered the most vocal criticism, organizers of the unconventional strike outlined further demands that they hope to see resolved.

Why are so many Etsy shops in Ukraine?

Many artists are now selling instant digital downloads as a way to generate income. It's never been more critical for artists in Ukraine to make sales, which is why Etsy is making it easier than ever for people to purchase digital downloads that don't require physical order fulfilment or shipping.

Is Etsy a buy for 2021?

After suffering a brief hit at the start of the pandemic, Etsy stock went on an impressive bull run, peaking at nearly $300 per share in November 2021. COVID-19 brought a new wave of buyers to the e-commerce platform, leading Etsy to seven consecutive quarters where it beat Wall Street's earnings estimates.

Why are Etsy prices dropping?

Etsy's stock price dropped by -20% and -26% in December 2021 and January 2022 year-to-date, respectively, due to WFH beneficiaries losing favor, and concerns about potential earnings misses.

Where will Etsy stock be in 5 years?

Based on our forecasts, a long-term increase is expected, the "ETSY" stock price prognosis for 2027-06-16 is 305.233 USD. With a 5-year investment, the revenue is expected to be around +264.98%. Your current $100 investment may be up to $364.98 in 2027. Get It Now!

Who is Etsy's biggest competitor?

Etsy competitors include Alibaba Group Holding Limited, Flipkart, Amazon, eBay and Bonanza. Etsy ranks 2nd in CEO Score on Comparably vs its competitors.

How much does the average person make on Etsy?

How Much Does The Average Etsy Seller Make? The average successful seller on Etsy earns between $43,000 and $46,000 per year which is a fantastic foundation to build on as top earners make over $65,000 per month!

Is there a better place to sell than Etsy?