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I'm Selling My Etsy Stock in 2024 to Buy This Phenomenal Company

TheMotleyFool

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I'm Selling My Etsy Stock in 2024 to Buy This Phenomenal Company: https://g.foolcdn.com/editorial/images/758668/person-regretful-in-front-of-a-computer.jpg

Sometimes you have to move on from a stock. Etsy (NASDAQ: ETSY) has unfortunately fallen into this category for me. Instead, I have my eyes on a much better option: Airbnb (NASDAQ: ABNB).

So why am I moving on from Etsy to Airbnb? It all has to do with how each company has grown recently.

Etsy's growth story is a bit of a mixed bag. Two measures define how it is doing: Gross merchandise sales (GMS) and revenue. GMS tells investors how much product is sold on Etsy's platform, while revenue conveys how much of the GMS it captures for itself.

Source Fool.com