Etsy sellers put themselves in "vacation mode" for a week to protest commission hikes! CEO ignores them and calls them "super affordable"!

It is learned that sellers protested after Etsy CEO Josh Silverman increased the commission from 5% to 6.5%, but Silverman ignored the protests and said it was "super affordable."

"We haven't seen a loss of sellers as a result of this, as we've told our sellers, we're reinvesting the fee increases back into Etsy," Silverman, who has been chief executive of the e-commerce giant since 2017, told the BBC.

However, earlier this year, thousands of sellers on the platform protested a 30% increase.

After organizing via Reddit, more than 20,000 Etsy sellers joined the strike, with many of them putting their online stores in "vacation mode" for a full week.

Silverman also warned that people will prioritize "affordable indulgences" this Christmas due to the current tough economic situation. They may buy low-priced products with good value for money this holiday season, but they will buy in large quantities. And this is where Etsy has an advantage."

Etsy said that millions of people chose Etsy when the epidemic first broke out, and people who shopped on the e-commerce platform during the lockdown in the post-epidemic era are still loyal fans of Etsy.

Editor ✎Estella/

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