Activist Elliott builds roughly 13% stake in Etsy, secures board seat

In this articleEtsy Sellers Market in Times Square celebrating Etsy's celebration going IPO at Nasdaq on April 16, 2015 in New York City.Activist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy, which announced on Thursday that Elliott partner Marc Steinberg would join the company's board.The activist investor has built a roughly 13% position in the stock, a person familiar with the matter told CNBC.Etsy shares shot up more than 10% on the news. Elliott and Etsy have been meet ...