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Why Etsy Stock Was Falling Today

TheMotleyFool

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Why Etsy Stock Was Falling Today: https://g.foolcdn.com/editorial/images/742626/etsy-office.jpg

Shares of Etsy (NASDAQ: ETSY) were trading lower today as the company turned in another quarter of flat growth and offered disappointing guidance for the third quarter.

As of 12:38 p.m. ET, the stock was down 11.3% on the news.

Etsy said gross merchandise sales (GMS), or the total dollar value of goods sold on its platform, fell 0.6% to $3.01 billion, showing the company is still struggling to return to growth after the pandemic boom faded.

Source Fool.com