Etsy’s Makers Miss the Mark
Not so crafty after all? That seems to be the concern fueling the artisan marketplace’s $36.6 million quarterly loss, which sparked a 13 percent drop in shares. Many sellers have fled to more specialized sites in the face of new regulations allowing cheap wholesale products from China and India, raising questions about whether a site based on handmade crafts should really be trying to scale up. The world’s fifth most-trafficked shopping site may need to think smaller to keep its hand in the game.