PINS - Etsy Stock Is Surging Thursday: What's Going On? | Benzinga
Etsy Inc (NASDAQ:ETSY) shares are trading higher Thursday after the company announced the appointment of Elliott Investment Management’s Marc Steinberg to its board.
What To Know: Steinberg, a partner at activist investment firm Elliott Management, will join Etsy’s board, effective Feb. 5. He will also join the board’s audit committee.
“Etsy has a highly differentiated position in the e-commerce landscape and a uniquely attractive business model, supported by a distinctive and engaged community. We became a sizable investor in Etsy and I am joining its board because I believe there is an opportunity for significant value creation,” Steinberg said.
Steinberg is responsible for public and private equity investments across a range of industries, including the technology, media and ...