Why Etsy Stock Surged 301% in 2020

Etsy's (NASDAQ: ETSY) stock price quadrupled in value last year, according to data provided by S&P Global Market Intelligence. The pandemic had a seismic impact on the company's revenue growth, as consumers flocked to the marketplace to buy face masks and other goods. 

Etsy was already growing pretty fast before 2020, but revenue growth accelerated to triple-digit rates beginning in the second quarter and remained high through the third quarter. 

Image source: Etsy.

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Source Fool.com