Core Insights - The Q3 earnings season is expected to reflect a weaker macroeconomic environment, potentially dampening the anticipated rally in 2025 [1] - Companies with direct exposure to consumer spending are experiencing stagnation in performance [1] Group 1: Macroeconomic Impact - The current macroeconomic reality may serve as a catalyst for a slowdown in market performance [1] - The earnings reports from Q3 are likely to highlight the challenges faced by companies due to economic conditions [1] Group 2: Industry Trends - Companies in the technology sector are being closely monitored, with insights drawn from both Wall Street and Silicon Valley experiences [1] - The ongoing themes shaping the technology industry are being influenced by various factors, including consumer spending trends [1]

Core Insights - Etsy's shares fell nearly 9% following the announcement of a leadership change, but are still up about 30% year-to-date [1][4] - CEO Josh Silverman will step down at the end of 2025, with President and Chief Growth Officer Kruti Patel Goyal taking over [2][6] - Silverman will transition to the role of executive chair until the end of 2026, emphasizing the timing is right for new leadership [2][3] Company Performance - Etsy reported better-than-expected third-quarter results, with earnings per share of $0.63 and revenue of $678 million, a 2.4% year-over-year increase [3][6] - Despite the positive earnings, gross merchandise sales declined by 6.5% to $2.72 billion, influenced by the sale of the music gear marketplace Reverb [3][6] - Investors are likely to monitor how the new CEO will address competition and marketplace growth challenges [2][3]

Group 1 - E-commerce is divided into large-scale platforms like eBay and niche marketplaces like Etsy, with differing growth and valuations indicating potential investment opportunities [2] - ETSY has a lower valuation (P/OpInc) compared to eBay, yet demonstrates higher growth in revenue and operating income, suggesting that ETSY stock may be a more attractive investment than EBAY stock [3] - The analysis emphasizes the importance of a multi-faceted approach to investment, highlighting that a High Quality portfolio has outperformed the S&P with over 105% returns since inception [4]

Leadership Change - Etsy's CEO Josh Silverman will be replaced by Kruti Patel Goyal, former Depop CEO, at the beginning of next year [1]

Core Insights - Etsy's long-time CEO, Josh Silverman, will step down by the end of the year, with Kruti Patel Goyal, the current president and chief growth officer, set to take over as CEO [1] - Goyal has over 10 years of experience at Etsy and previously led Depop, which Etsy acquired four years ago [2] Business Performance - Etsy has faced challenges in growth, with active buyers declining by 5% to 86.6 million year-over-year as of Q3 [3] - The number of sellers on Etsy decreased by 10.9% to 5.5 million compared to the previous year, and gross merchandise sales (GMS) fell by 2.4% to $2.4 billion in Q3 [4] - In contrast, Depop showed strong performance, with active sellers increasing by 40% to 3 million and active buyers rising by 38% to 6.6 million, while Depop's GMS surged by 39.4% to $292.1 million [4] Market Reaction - Following the announcement of the CEO transition, Etsy's shares dropped nearly 9% [4]

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All right, quick mad dash here. Get you to an opening bell for a good old hump day here on this Wednesday. Etsy.>> Yeah. No, I I'm looking for signs of wherever the consumer might be weak. And Josh Silverman is stepping up to executive chair after eight years of being CEO.At the same time, we are seeing weakness in their earnings. Uh it was a not great miss. And I've got to tell you, David, Etsy is either you could say maybe the website's not that good.Uh or you could say, well, maybe people aren't buying a ...

Shares of Etsy fell more than 9% in premarket trading on Wednesday after the e-commerce company announced that Chief Executive Josh Silverman will step down at the end of the year. Silverman will be s... ...

All right, quick mad dash here. Get you to an opening bell for a good old hump day here on this Wednesday. Etsy.>> Yeah. No, I I'm looking for signs of wherever the consumer might be weak. And Josh Silverman is stepping up to executive chair after eight years of being CEO.At the same time, we are seeing weakness in their earnings. Uh it was a not great miss. And I've got to tell you, David, Etsy is either you could say maybe the website's not that good.Uh or you could say, well, maybe people aren't buying a ...

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