ABNB - I'm Selling My Etsy Stock in 2024 to Buy This Phenomenal Company
2023-12-29 07:15:00 ET
Sometimes you have to move on from a stock. Etsy (NASDAQ: ETSY) has unfortunately fallen into this category for me. Instead, I have my eyes on a much better option: Airbnb (NASDAQ: ABNB) .
So why am I moving on from Etsy to Airbnb? It all has to do with how each company has grown recently.
Etsy's growth story is a bit of a mixed bag. Two measures define how it is doing: Gross merchandise sales (GMS) and revenue. GMS tells investors how much product is sold on Etsy's platform, while revenue conveys how much of the GMS it captures for itself.
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I'm Selling My Etsy Stock in 2024 to Buy This Phenomenal Company