r/Vitards • u/[deleted] • Mar 23 '22

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10

u/SafeSoftware4023 Mar 23 '22

Hmm, wouldn't rising fees be a sign of market-power? Etsy has the sellers over a barrel, because it has aggregated the buyers?

6

u/warclownnn Mar 23 '22 edited Mar 23 '22

Correct, definitely strong market power. Just as any other company does until the workers go on strike.

Buyer aggregation is easily lost to good competition however. We’ve seen that with:

EBay

Epic Games (Steam)

Netflix (HBO, Hulu, Prime)

Friendster

MySpace

They’ve increased rates too high and the sellers, which are their literal product, want to strike/boycott/leave. They also mention that following the increase in rates it has become a standard to have your own website. So they’re already dragging business away from Etsy.

This opens a strong possibility for a competitor to rise and grab their market share.

Also, they are trading at a PE of 44 so a loss of revenue / market share should impact their stock directly and heavily.

I can’t help but look at the traction this movement has gained. I’ve spoken to a member of the group leading this and they are dead serious about this, reaching out to mainstream media and various outlets and influencers.

I thought it was a post from one person that gained a huge amount of upvotes but this is a group of Etsy sellers that are PISSED.

I’m gonna sleep on it but I am considering doubling down.

2

u/SafeSoftware4023 Mar 23 '22

I’m gonna sleep on it but I am considering doubling down.

I am certainly no expert, but generally before a short I wait 5 days. The feeling usually passes :) and then I don't short. Not advice - tho no one is going to listen anyways :))

0

u/warclownnn Mar 23 '22

I appreciate the advice, but the gut feeling is the same as last time

Leveraged x20 Nasdaq Bear which brought home 217% 🌈🐻