0
Etsy dips toes into crowdfunding
Etsy is trying out a Kickstarter-like crowdfunding service that, if successful, could help the company grow its business by expanding the number and type of items available for sale on its site.Fund on Etsy, announced Tuesday, comes as Etsy faces pressure to deliver returns to shareholders as a publicly traded company. Etsy’s stock began trading on the NASDAQ exchange in April, but the company has yet to report a profit.The company grew its revenue by 56 percent last year to US$196 million, but it lost more than $15 million. In this year’s first quarter, it grew its revenue 44 percent year-on-year to more than $58 million, but it had a net loss of nearly $37 million.To read this article in full or to leave a comment, please click here