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Benzinga
Benzinga
Business
Shivani Kumaresan

Etsy Sellers Protest Against Fee Hike: WSJ

Etsy Etsy Inc Nasdaq Wall Street Journal
  • More than 15,000 of Etsy Inc's (NASDAQ:ETSY) digital marketplace sellers have signed a petition against the company's move to raise the commission it charges on each transaction to 6.5% from 5%, the Wall Street Journal reported.
  • The fee hike, the first since 2018, is effective from April 11.
  • The company said it expects to invest most of the incremental revenue from this fee increase in marketing and seller tools.
  • The company's consolidated Q4 revenue improved 16.2% year-over-year to $717.1 million, ahead of the consensus of $685.45 million.
  • Price Action: ETSY shares are trading higher by 0.23% at $116.85 on the last check Monday.
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