In 2011 and for the first time, Etsy has broken the half billion dollar threshold for merchant revenues. The $538 million of revenues are a 71% increase from the 2010 figure of $314 million. In December alone, the volume of turnover on Etsy went to $70 million from $41 million (+70%) compared to the same period the year before:
Even if Pinterest and others are currently attracting a lot of attention, Etsy, with their strong revenues and impressive growth remains the player to watch in the social shopping segment.
The new CEO of Etsy recently made comments about their strategic direction. The possibility of an IPO also remains open.
In Europe, DaWanda is trying to position itself against Etsy. Founder Claudia Helming recently spoke about the future of DaWanda (in German).
More on handmade2.0 (in German).
Related posts:
- Etsy Tech Talk: Moving Fast At Scale
- Etsy Grows Revenues from $180 Million to $314 Million
- Etsy 2008-2010: Business Growth Under the Microscope
- Etsy Raises Another $20 Million and Picks New COO
- Etsy 2010: How Social Can Commerce Get?
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
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