Etsy’s Numbers Don’t Add Up

Etsy’s stock price just jumped, and it’s a bit of a mystery. The company’s fourth-quarter revenue and gross merchandise sales fell short of what analysts were expecting.

Depop Deal Saves the Day

But it seems the company’s recent acquisition of Depop is what’s driving the surge. It’s a weird move, considering Etsy’s own numbers are lackluster. It’s clear investors are betting on Depop to turn things around.

It’s hard not to raise an eyebrow at this news. Etsy’s performance wasn’t exactly impressive, and yet its stock is still on the rise. It’s a strange time to be in the market, and this move won’t do much to ease concerns about the company’s future.