Advertisement
Singapore markets close in 2 hours 28 minutes
  • Straits Times Index

    3,291.48
    +25.53 (+0.78%)
     
  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     
  • Hang Seng

    18,925.03
    +387.22 (+2.09%)
     
  • FTSE 100

    8,381.35
    +27.30 (+0.33%)
     
  • Bitcoin USD

    62,856.87
    +1,152.60 (+1.87%)
     
  • CMC Crypto 200

    1,352.68
    -5.32 (-0.39%)
     
  • S&P 500

    5,214.08
    +26.41 (+0.51%)
     
  • Dow

    39,387.76
    +331.36 (+0.85%)
     
  • Nasdaq

    16,346.26
    +43.46 (+0.27%)
     
  • Gold

    2,368.90
    +28.60 (+1.22%)
     
  • Crude Oil

    79.87
    +0.61 (+0.77%)
     
  • 10-Yr Bond

    4.4490
    -0.0430 (-0.96%)
     
  • FTSE Bursa Malaysia

    1,600.58
    -0.64 (-0.04%)
     
  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     
  • PSE Index

    6,526.04
    -16.42 (-0.25%)
     

Etsy's Stock Has Crashed -- Buy the Dip?

Etsy (NASDAQ: ETSY), like many other businesses that were fueled by the pandemic, is facing difficult year-over-year comparisons amid a slowdown in growth as economies reopen. Add in rising interest rates and other macroeconomic headwinds, and investors have completely soured on high-growth tech companies. Obviously, growth in excess of 100% can't go on forever, but that doesn't mean it's time to completely write off these businesses.