Etsy

Etsy is slashing 12% of its workforce through approximately 220 job cuts, concentrated in product and engineering. These layoffs occur despite the company reporting a second-quarter earnings beat and raising its full-year guidance.

eBay raised its outlook after beating estimates, despite the acquisition of Depop costing more than anticipated. The company's deal to acquire Depop from Etsy closed at $1.4 billion, representing an amount $200 million above the originally announced price.

Etsy is laying off 12% of its staff to streamline operations and position the company for growth. The layoffs were announced alongside the company's second-quarter earnings report.

A user reported three instances of paying for rugs on Depop, only to receive refunds after sellers failed to ship items. The user, based in Utah, questioned why sellers wouldn't ship and compared Depop to platforms like Temu or Etsy.

A user who ordered a handmade shirt from a French Etsy designer received a request for an additional 25% fee due to increased US import costs. The designer warned of order cancellation if the fee wasn't paid, raising concerns about a potential scam.

UK Prime Minister Andy Burnham announced a 20% reduction in business rates for pubs, social clubs, and live music venues starting in April 2027, funded by increased tax compliance from online marketplaces. The government plans to extend VAT liability to marketplaces like Amazon and eBay, requiring them to ensure third-party sellers pay taxes to fund the business rates cut.

Etsy, once known for unique items like vulva jewelry and pet portraits, is now flooded with mass-produced goods and AI knockoffs, leading sellers to leave despite some customers not minding.

The user suspects their parents are involved in a potentially fraudulent business arrangement with a friend who provides laptops for managing Etsy and Amazon accounts. The setup uses AnyDesk for remote access, requires 24/7 operation, and splits profits 10% to participants and 90% to a printer in Vietnam. Concerns include tax evasion, lack of legal documentation, and potential scams.

The Oura Ring 5 is reviewed as a casual health tracker and the best smart ring on the market, though it's not ideal for those prioritizing detailed fitness tracking. Current Oura users are advised against upgrading due to the recent release of the Oura Ring 4 and its ceramic variant.

Lana Ng, a 35-year-old stay-at-home mother in Houston, quit her marketing job in 2023 after her employer removed her remote work flexibility. She now balances motherhood with four side gigs—including user-generated content creation, mystery shopping, brand deals, and freelance graphic design—to pay off $18,000 in family debt and maintain her sense of purpose.

A user reports receiving notifications from The Shop app about USPS packages being sent from their address to other states, which they did not authorize. They reported these instances to The Shop, but the app only removed the entries without further action, raising concerns about potential scams.

Elyse Burns, a 28-year-old, paid off her law school student loans by selling art on Etsy. She began selling stickers and coloring books at age 18 and generated nearly $5 million last year.

xTool has introduced the M2 Color Craft Laser, a modular desktop machine capable of printing, cutting, and engraving on materials like paper, wood, and metal. Its upgradeable design allows users to switch between CMYK printing and laser tools, making it a versatile option for small businesses or Etsy entrepreneurs.

Etsy has launched a native app within ChatGPT to provide users with a conversational shopping experience. This move is part of Etsy's ongoing efforts to integrate AI into its services. The app aims to enhance user interaction and simplify the shopping process.

The Cricut Joy 2 is a compact, beginner-friendly machine for creating stickers and other small projects, now discounted with bundles offering additional tools and supplies. It features the Print Then Cut function for full-color sticker sheets and is available at reduced prices through Amazon and Cricut.