Etsy Stock Falls 9% As CEO Steps Down
E-commerce company Etsy (ETSY) is down 9% following the news that Chief Executive Officer (CEO) Josh Silverman is stepping down.
Silverman will transition to become executive chairman of Etsy's board of directors at year's end, according to a news release. Kruti Patel Goyal, current leader of Etsy-owned clothing resale app Depop, will take over as Etsy's new CEO in January.
The CEO transition was announced alongside Etsy's third-quarter financial results, which reported earnings per share of $0.63 U.S., exceeding the anticipated $0.52 U.S. Revenue for the period was $678 million U.S., surpassing the expected $657.5 million U.S.
Author's summary: Etsy's CEO steps down, causing a 9% stock drop.
More News
- Game Time Thread: Juventus vs. Udinese
- China’s robot-powered factories turn hi-tech production lines into tourist spots
- Microsoft Azure is down, affecting 365, Xbox, Minecraft, and others | TechCrunch
- Afghanistan News Today – Breaking News, Politics, Sports & Live Updates | Ariana News
- Nigel Farage heckled in Commons as he suffers defeat on proposal to leave ECHR
- Dave Roberts was put in a bind in Game 4 of the World Series
- Nvidia becomes first public company worth $5 trillion | TechCrunch
- The Sixers appeared to finally run out of energy. Then, Adem Bona happened
- The Sopranos Almost Had a Disastrously Obvious Main Theme Song
- The ECHR: legal and political fault lines