Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Etsy is operating on a very narrow margin

The Death Spiral

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.

Read More