This E-Commerce Stock Is on a Buying Spree
Etsy (NASDAQ: ETSY) certainly made a name for itself during the pandemic, when its sellers came together to make millions of face masks for consumers. But if that's all you know about Etsy, you're missing the big picture. This company has carved out its own niche in the rapidly growing e-commerce space. Specifically, the Etsy marketplace deals in handcrafted and artisan goods, helping buyers find items that can't be mass produced or commoditized.
In the last few years, Etsy has made several key acquisitions, including music gear marketplace Reverb, fashion resale platform Depop, and Elo7, which has been described as "the Etsy of Brazil." Collectively, these moves help Etsy maintain its image as a purveyor of unique and specialized goods.
In this Backstage Pass video, which aired on Sept. 14, Motley Fool contributor Jose Najarro shares his thoughts on Etsy, including the impact of its recent buying spree.
Source Fool.com
