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Etsy Strike
Uncle Pete:
Not POD, not stock... I just picked one.
https://etsystrike.org/?msclkid=2bfbe631ba6511ec9a21b781b976e37a
These are our demands:
Cancel the fee increase.
Crack down on resellers with a comprehensive plan that is transparent, so sellers can hold Etsy accountable.
Give ‘Golden’ support tickets to sellers affected by extreme AI actions (account termination, 45/90 day holds, etc.)
End the Star Seller Program.
Give all sellers the ability to opt out of off site ads.
For more information on each of these topics and how they impact each of us as sellers, see our petition.
https://www.coworker.org/petitions/cancel-the-fee-increase-work-with-sellers-not-against-us
Maybe they need to form a coalition on Facebook? ::)
Lets see how this works out for them.
k_t_g:
Yeah heard about this on he news.
Probably not going to be in favor of the artists and crafters no matter what people demand. Look what happened to Elance, Shutterstock and others?
Unless people really do something to change this. Only having a few protesters won't make much happen so long as the CEO'S have the bucks and the layers. ::)
stockastic:
I've never sold on Etsy because all I've heard for years is that it's a major PITA.
It's only going to get worse. Technology stocks have taken a beating this year, investors are still demanding the moon, but the moon is moving further away.
Uncle Pete:
--- Quote from: k_t_g on April 12, 2022, 17:03 ---Yeah heard about this on he news.
Probably not going to be in favor of the artists and crafters no matter what people demand. Look what happened to Elance, Shutterstock and others?
Unless people really do something to change this. Only having a few protesters won't make much happen so long as the CEO'S have the bucks and the layers. ::)
--- End quote ---
Yes to my surprise I saw it on the TV news. I guess they did a better job of reaching out to the media than the Stock Coalition did. Imagine seeing the plight of the stock photographer on the evening news. I would have liked that.
"Microstock individual artists and creatives, who depend on the extra income from Shutterstock have their commissions cut down to 10 cents. Protests, petitions and artists revolt, as many pull their portfolios and leave the agency."
But instead, no one noticed. :'(
The biggest profit for Etsy (in my opinion, that's not an established financial fact, just apparent) is artists have to pay listing fees and repeat paying the fees, whether they make a sale or not. When someone does make a sale Etsy gets a percentage of that. Steady income for Etsy. And then there are the frauds, fakes and cons going on too, but Etsy just takes the fees and turns their back. TOS violations, you'll get no reply. My opinion is, that makes the honest people, hard working artists look bad. It makes the whole platform look sleazy.
Good article: https://www.wbur.org/news/2022/04/15/independent-sellers-etsy-strike-massachusetts?msclkid=fbe0ba50bce111ecac5b21ff2bda113c
The seller transaction fee, or the percentage Etsy takes from each sale, was raised on Monday from 5% to 6.5%.
Hey, maybe there is a place in the market for Pay Microstock. You pay to list your images and then pay a percentage when they sell... well at least we can set our own prices?
Uncle Pete:
https://www.bing.com/search?pc=U523&q=stopck+etsy&form=U523DF
Was up to $296 a share, now at $115 a share, of course!
https://www.nasdaq.com/market-activity/stocks/etsy/earnings?msclkid=080d6297bce311ecadf8c046db2a707e
Etsy statistics breaking down the company's revenue by business segment since 2015. A 119.5% increase in Marketplace revenue for Etsy was recorded in 2020, up to $1.3 billion from $593.65 million in 2019.
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