Etsy's Board Adds Elliott Partner as Activist Investor Takes Big Stake

Key TakeawaysOnline marketplace Etsy Inc. said Thursday that it had appointed Elliott Investment Management partner Marc Steinberg to its board.The move came after Elliott became a "sizable investor" in the online marketplace. CNBC reported that the firm now holds a 13% stake in the company.Shares of Etsy rose Thursday on the news but remained squarely in negative territory over the past year.Etsy Inc. (ETSY) shares took off Thursday as the online marketplace appointed a partner from Elliott Investment Mana ...