Elliott Investment Management Bullish on Etsy’s Growth Potential 🇺🇸

Jesse Cohn, managing partner at Elliott Investment Management, expressed optimism about the e-commerce platform Etsy, foreseeing significant upside over multiple years. Elliott, renowned for its investment strategies, holds a substantial economic stake of over 10% in Etsy, encompassing common shares and swaps. At the Sohn Conference in New York, Cohn highlighted opportunities for product engagement and monetization within Etsy, drawing parallels with Pinterest, another company where Elliott exerted influence by appointing a board member in 2022. In line with their bullish outlook, Etsy recently added Elliott’s portfolio manager Marc Steinberg to its board, signaling a collaborative effort to capitalize on growth prospects.