iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,558 Blog Posts

$ETSY Soars on Bullish Citi Note, But the Company is Still a Dreadful Piece of Excrement

Much to Frederick Wilson’s delight, Citi came out with a bullish note on Etsy this morning, citing ‘stickiness’ amongst other nonsensical things. The stock is higher by 17%, mostly by people who’ve never attempted to do business on that PIECE OF SHIT WEBSITE.

“We have confidence in the stickiness of the seller-base despite the fact roughly half of them sell via other channels,” Kelley wrote Monday in a note initiating coverage of the company. “We also believe Etsy has built a fairly well-established brand when it comes to creating a marketplace where people can find truly unique items.”

A few months ago, I purchased a table on that asshole site, made by some dipshit from down south. I paid a fairly large sum of cash and never received my table. I emailed the person and she never bothered to get back to me. After looking for a way to complain to Etsy, I found it to be nearly impossible, so I gave up. My next course of action is to file a complaint through my bank and have them deal with it. Out of all the websites I’ve done business on, Etsy is by far the worst. They offer zero protection to the buyer. If the seller wants to rip you off and never have to deal with you again, they can! Also, there’s no way for me to even leave a review for this person, to warn others of the scam. I suppose it’s because I’m not a star member of the service and haven’t done enough business. Who the fuck knows?

All I know is ETSY is a rotten hamburger, while Amazon is the dry aged prime rib.

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