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Etsy stock sinks on downbeat earnings, CEO change

Word Count: 140 | Estimated Reading Time: 1 minute


The Etsy NYC headquarters building is seen in New York City.

Michael M. Santiago | Getty Images News | Getty Images

Etsy CEO Josh Silverman will step down from his position and move to the role of executive chairman at the end of the year, the online marketplace said Wednesday.

Kruti Patel Goyal, the CEO of Etsy-owned clothing resale app Depop, will take the helm at Etsy effective Jan. 1, 2026, the company said.

Etsy shares fell more than 9% in premarket trading following the news, which was announced alongside the company’s third-quarter earnings report.

Silverman, a former eBay executive, held the top job for the last eight years and guided the company through a demand surge brought on by the Covid-19 pandemic, when shoppers flocked to the site to buy up face masks.

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