Insider Paper on X - BREAKING: Etsy is laying off 11% of its workforce at the height of the holiday season - CNBC
(twitter.com)
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Etsy was also tyranical during covid, would not let you sell certain items they didnt like
I had a Wuhan Institute of Virology Bio Weapons Division shirt I designed that was selling like hotcakes and they removed it calling it racist.
I still sell on Etsy because it's just shirt designs that continue to sell with zero maintenance but the platform has become flooded with cheap Chinese knockoffs of stolen designs and product ideas. I wish there was an alternative marketplace but there really isn't.
Sounds like an opportunity to create a competitor
If only some based billionaire would fund a new platform lol. Etsy is such a big established player at this point it would take a lot of startup capital to launch a competing site and draw enough eyes and interest to it.
The reason Etsy is so popular and sellers accept the abuse they receive is for the access to their massive customer base. Any competitor, even with a better model and selling platform will struggle to compete with the size of audience Etsy draws in. It's the same kind of advantage Youtube has over its competition. Sites like Rumble can work OK for creators who already built a large following on YT and then migrated over, but starting from scratch it's near impossible to build an audience on Rumble vs Youtube.