E-commerce has been on the rise over the last decade as people spend more and more of their money online. The proliferation of smartphones and better internet connectivity around the world has contributed to this boom as well.
But last year, the outbreak of COVID-19 further accelerated this consumer shift, leading to a surge in volumes for many e-commerce companies. Etsy (NASDAQ: ETSY) is one such example, and investors have seen its share price more than double in the past year.
Source Fool.com