Etsy stock sinks on CEO change — Silverman stepping down, Depop chief to take over
Update: 2025-10-29
Description
Etsy's CEO, Josh Silverman, is stepping down, with Kruti Patel Goyal taking over as the new CEO. The change comes after a mixed third-quarter earnings report, with stronger-than-expected earnings but a drop in gross merchandise sales and user growth. Etsy is focusing on new technology and partnerships, such as AI tools and a collaboration with OpenAI, to boost growth and compete with rivals like Amazon and Shopify.
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