Shares of Etsy (ETSY) and eBay (EBAY) are each sliding Thursday morning after each firms posted their first-quarter earnings outcomes, revealing signs of weakening spending in the consumer discretionary category. At Etsy, merchandise gross sales had been down 3.7% year-over-year with routine consumers down 2.9% year-over-year.
Yahoo Finance’s Madison Mills joins Wealth! to interrupt down the buyer pressures afflicting these e-commerce platforms.
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This put up was written by Nicholas Jacobino
