Can Etsy Survive the Age of Amazon?

Etsy has proved it is incapable of making money and demonstrated that online companies can fall into a familiar retail trap.

The trap is the old one of ever-increasing sales that generate no real money. Dozens of retailers; ranging from Whole Foods to Rite Aid to Overstock.com, have fallen into over the years. The only way a company can profit from this trap is to sell itself to a larger retailer or private equity organization in search of market share or other resources.

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Is Etsy Making Money?

Such numbers might be fine for a pre-IPO unicorn, but they’re horrible for a publically traded company. To me at least Etsy looks like a circa 1999 dot.com company that is ready to go crash. All it would take is one negative earnings report or some really bad news to send Etsy spinning into the death spiral.

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