Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Etsy shares rally after naming Elliott's Steinberg to board

Published 01/02/2024, 15:18
Updated 01/02/2024, 15:18
© Reuters.

Etsy (NASDAQ:ETSY) shares surged early on Thursday after the company appointed Marc Steinberg, partner at activist firm Elliott Investment Management, to its board, effective February 5.

Etsy shares are up more than 9% at $73.10 per share at the time of writing. It closed Wednesday's session at $66.56.

"Marc brings unique and valuable experience as an investor and board member in the technology, digital media, and e-commerce industries," said Josh Silverman, Etsy's Chief Executive Officer. "We've gotten to know Marc, and appreciate his passion for Etsy's mission and excitement about the future growth opportunities for all of our stakeholders."

In his role at Elliott, Steinberg is responsible for public and private equity investments across various industries, including the technology, media, and telecommunications sectors. Etsy said Steinberg will also join the board's audit committee.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.