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Etsy CEO Josh Silverman on the company’s post-Covid growth

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Etsy CEO Josh Silverman told CNBC on Friday that nobody knows what’s going to happen with the coronavirus pandemic this year, but he hopes the company will “outpace e-commerce overall.”

“None of us have a crystal ball,” Silverman said on “Squawk Box,” one day after the online marketplace reported much better than expected fourth-quarter earnings and revenue.

Etsy has been a big beneficiary of the stay-at-home economy during Covid.

“If I look at 2020, e-commerce grew at a crazy rate. E-commerce grew at over 40% year over year, and yet Etsy grew 2.5 times the rate of e-commerce,” he said.

“I don’t know what e-commerce is going to do in 2021,” he acknowledged, but added, “I hope and believe…



Source cnbc.com

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