The Presidential Daily Brief

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  1. Etsy Goes Public, Sees Share Price Double

    It’s selling more than crafts. The online marketplace for handmade items started trading as a public company yesterday and saw share prices soar, starting at $16, opening at $31 and peaking above $34. Etsy has enjoyed big revenue growth in recent years — a whopping $195.59 million last year, up 161 percent from 2012 — but has yet to turn a profit. Now it must work to retain its artisan fanbase while taking on the likes of Alibaba and Amazon.

    Wired, The Verge

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