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Why Etsy Plunged

Why is Etsy down?

1)The market overreacts to earnings reports and tends to fixate on “the bad” while ignoring the good

$ETSY, Etsy, Inc. / H1

2) ETSY just beat on Rev and EPS in comparison to a freak anomaly year at the peak of Covid shutdown when the entire world was turning toward ETSY for masks. The fact that they earned more THIS quarter in comparison to last year is very impressive. If anything this report shows just how successful and strong this company is. I’ll be looking to unload some stuff tomorrow AND picking up more ETSY.

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