Etsy Business Overview Quiz

What was Etsy's highest ever annual revenue reported in 2023?

• $1.8 billion

• $2.7 billion

• $4.2 billion

• $3.5 billion

Who is partly blamed by longtime sellers for Etsy's recent challenges?

• Chiarra Lohr

• Nicole Aline Legault

• Josh Silverman

• Rob Kalin

When did Etsy first come on the market?

• 2005

• 2007

• 2009

• 2003

What significant change did the CEO make in 2013?

• Increased transaction fees

• Laid off 22% of workforce

• Allowed outside manufacturers

• Introduced a subscription model

How did the pandemic affect Etsy's business?

• Decreased sales

• Reduced stock price

• Increased active buyers by 77%

• No significant impact

What was one of the main frustrations of Etsy sellers during the pandemic recovery?

• Low transaction fees

• Star seller program requirements

• Lack of customer support

• High advertising costs

What term do sellers use to describe the decline in quality on Etsy?

• Mass production

• Counterfeit crisis

• Quality erosion

• Junk-ification

What did Etsy say it would clarify in the coming months?

• Shipping requirements

• Definition of handmade

• Advertising policies

• Transaction fees

What significant action did activist investor Elliott Management take in February 2024?

• Merged with another company

• Introduced new policies

• Built a 13% stake in Etsy

• Sold all its shares

What new fee did Etsy introduce in February 2024 to boost revenue?

• Advertising fee

• Monthly subscription fee

• One-time seller fee of $15

• Increased transaction fee