Etsy will be removing all mature content by July 29
Posted: Jun 29, 2024
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🚨 Reddit sentiment: negative - Most comments highlight the problems Etsy is facing, including brand dilution, competition, and poor decisions regarding adult content removal. Users express dissatisfaction and have bearish outlooks on the stock. Summarized comments: - Etsy has become overpriced and filled with Amazon-like junk compared to ten years ago when it was better - Etsy's brand marketing as a marketplace for homemade items is in conflict with the actual experience of finding cheap Chinese or drop-ship items - Competitors like eBay and Temu offer lower prices, better customer policies, and Amazon is launching a competitor to Temu - Legit Etsy shop owners feel they have been sidelined by the platform's focus on growth rather than handmade items - Comparison to Tumblr's decline after adult content ban - Removing adult content is seen as self-sabotage - Etsy's adult content includes specialty adult items like dildos, raunchy shirts, and fetish gear - Similarities drawn with OnlyFans' attempted ban of adult content - Concerns that Reddit might follow the same path as Etsy - Banning adult content is believed to alienate a significant portion of the user base, leading to loss of site traffic and active users - Some users are glad they sold their Etsy shares, citing its decline - TEMU is seen as eating into Etsy's market share - Negative outlook and expectations of lackluster earnings due to the change Stock tickers discussed: ETSY
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