PINS - What's Going On With Etsy Stock Thursday? | Benzinga
Etsy Inc (NASDAQ:ETSY) shares are trading higher Thursday following comments from Elliott Investment Management at the Sohn Conference on Wednesday.
What Happened: At the Sohn Conference in New York on Wednesday, Elliott Investment Management managing partner Jesse Cohn said he believes Etsy will generate “significant, multi-year upside,” per Reuters.
Cohn compared the opportunity in Etsy to Pinterest Inc (NYSE:PINS), which Elliott appointed a board member to in 2022. He noted that Elliott currently has a stake of more than 10% in Etsy.
Cohn reportedly said he sees room for “product engagement and monetization opportunities” at Etsy, as well as potential to add more buyers and increase the amount of money they spend ...