ETSY
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Imtiaz Suliman from Sentio Capital chose ETSY as his stock pick of the day.
"I'm going with Esty, it's a company listed in the US. What they really provide is a marketplace for small businesses, they have 2.7 million businesses listed on their platform and have 65 million items. It's all about driving user engagement to the unique product that the 2.7 million online shops provide on its platform. They make a fee from the listing as well as the marketing fee and then on the payments and shipping of the product. So, as they drive new buyers and getting buyers to spend more it then drives success for its sellers. It's sort of a virtuous cycle that they benefit from"
"I'm going with Esty, it's a company listed in the US. What they really provide is a marketplace for small businesses, they have 2.7 million businesses listed on their platform and have 65 million items. It's all about driving user engagement to the unique product that the 2.7 million online shops provide on its platform. They make a fee from the listing as well as the marketing fee and then on the payments and shipping of the product. So, as they drive new buyers and getting buyers to spend more it then drives success for its sellers. It's sort of a virtuous cycle that they benefit from"
