After halting their sales as part of a weeklong strike, Kristi Cassidy and other Etsy sellers are now considering forming a union.
Etsy told investors in February that additional revenue from the fee increase will be reinvested back into various initiatives at the company.
"We are always receptive to seller feedback and, in fact, the new fee structure will enable us to increase our investments in areas outlined in the petition, including marketing, customer support, and removing listings that don't meet our policies," Moskowitz said in a statement. "We appreciate the concerns of the sellers. This is their livelihood," said Sigman, who recommends buying Etsy shares."But the offset is the company is using this as a lever to reinvest back into the business. Our view is that it should ultimately lead to stronger market share gains."Cassidy and other Etsy sellers interviewed by CNBC said they remain skeptical of whether the fee increase will translate to improvements on the platform.
"The recent transaction fee increase, along with the [other fees], has made it harder for smaller creators to turn a profit and make their business sustainable," said Marie Hart, who sells pins, charms and artAs part of the weeklong strike, Etsy sellers are urging the company to cancel the fee increase, allow them to opt out of the Offsite Ads and end a recently launched program, called"As a small indie creator who designs and handmakes my merchandise and apparel, I'm losing...
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