Etsy Stock Falls 9% As CEO Steps Down

Etsy Stock Falls 9% As CEO Steps Down

E-commerce company Etsy (ETSY) is down 9% on news that Chief Executive Officer (CEO) Josh Silverman is stepping down.

Silverman will transition from the CEO position to become executive chairman of Etsy’s board of directors at year’s end, said the company in a news release.

Kruti Patel Goyal, who currently leads Etsy-owned clothing resale app Depop, will take over as Etsy’s new CEO on Jan.

The CEO transition was announced along with Etsy’s third-quarter financial results. Etsy, which sells handmade items and craft supplies on its e-commerce platform, reported earnings per share of $0.63 U.S., which beat the $0.52 U.S.

Revenue in the period came in at $678 million U.S., topping the $657.5 million U.S. that analysts had anticipated.

No comment from Josh Silverman or Kruti Patel Goyal was provided.

Author summary: Etsy stock falls after CEO steps down.

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Baystreet.ca Baystreet.ca — 2025-10-29

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