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this post was submitted on 30 Jun 2024
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That is the problem Etsy thinks it should be tackling rather than the fact that its small business sellers are being driven off the platform. Shows where their priorities are.
Yeah, it's turning into Amazon, flooded by resellers of cheap Chinese shit. That does far more harm to the Etsy brand.
Chinese reselling is the most profitable business model. Etsy is a public company and must choose the most profitable business model. The idea that a publicly traded company will have it's primary business model being selling handcrafted goods is asinine.
Not attacking anyone that didn't see this coming, I'm just commenting on how stupid it is that every company feels the need to go public in our culture of greed regardless of their mission and place in the market.
Well the funny thing is Etsy actually made a different choice originally. They claimed b-corp status, which is supposed to mean they prioritize social good in their business strategy. It's annoying that they seem to be so much more profit focused because if they were going to go to the trouble of becoming a bcorp they really should be working harder to stick to it.
Here's a bit more about benefit corporations (b-corps)