Continuing on the latter post regarding ETSY short, and their constant buy backs, their overall site traffic is down over 18% according to similarweb, and site sellers across REDDIT complaining about major sales drops in the past 6 months.
We are now short 30% of our portfolio. This company is over-valued to the gills based on P/E sales declines and ever further squeeze on sellers in terms of fees.
Posted by HunterMichael92
2 Comments
Who is “we”? Do you have a public-facing prospectus you’d like to share?
I wonder where traffic is going. Direct to Shopify stores?