Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.
Etsy IPO latest sign of changing culture at DIY site
Over the past decade, Etsy has become the most popular online hub for handmade goods - from crocheted snoopy baby booties to hats which will transform your chihuaha into a rainbow-maned unicorn.
It has lots of buyers - almost 20 million in the past year, according to Etsy. Last year they spent almost 2 billion dollars on the site.
Despite that, Etsy has been running at a loss for the last three years.
Now the privately held company has filed for an initial public offering - meaning you too could soon own a slice of their e-commerce pie.
But what might this mean for the more than one million sellers on the site?
Amy Roth joins the show with more. She's been selling her ceramic jewelry from her LA home on Etsy since 2007