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Etsy posts 13.4% drop in net income in first quarter

Etsy Inc. reported net income of $74.5 million in the first quarter of 2023, a drop of 13.4% from the $86.1 million a year earlier. The marketplace cited inflationary pressures on consumer discretionary spending for the decline. Etsy operates an online marketplace for handmade items. Artisans and merchants sell a variety of clothing, photos, jewelry, […]

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