Shares of Etsy (ETSY) and eBay (EBAY) are both sliding Thursday morning after both companies posted their first-quarter earnings results, revealing signs of weakening spending in the consumer discretionary category. At Etsy, merchandise sales were down 3.7% year-over-year with habitual buyers down 2.9% year-over-year.
Yahoo Finance’s Madison Mills joins Wealth! to break down the consumer pressures afflicting these e-commerce platforms.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Nicholas Jacobino
Source Agencies
