Like many other e-commerce companies, Etsy (NASDAQ: ETSY) has had a tumultuous past few years. It all started with increased business in the early days of the pandemic, as people stuck at home had little choice but to shop more online. But this trend didn't last, and Etsy suffered as things reverted to normal.

The company's shares are down by 48% since the year started, partly a result of somewhat challenging economic conditions. Still, Etsy isn't dead in the water; far from it. Let's consider why it's worth buying shares of this company on the dip.

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Source Fool.com