'We announced three bold new initiatives this quarter each of which I think set us up for really great growth for the future,' Josh Silverman says.
"I think when people look back a few years from now, they're going to describe [the second quarter] as a breakthrough quarter," Etsy CEO Josh Silverman says.
shares tumbled double digits last week on a mixed second-quarter report, but CEO Josh Silverman said Tuesday that the period marks a turning point for the ecommerce company.. "In fact, I think when people look back a few years from now, they're going to describe this as a breakthrough quarter." Etsy, which is a global marketplace for entrepreneurs to sell unique and creative products, launched its program in the U.S. to ship orders of $35 or more for free about a month ago to help mitigate shipping costs for sellers. With 2.3 million sellers, the company also launched the Etsy Ads platform to allow merchants to advertise products in search results on its website that has 43 million active buyers.
Etsy is working to run their offices and computing infrastructure on 100% renewable electricity by 2020. Silverman said he learns that it costs less than 1 cent to offset carbon from shipping.
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