Etsy's shares rise after Elliott Investment Management partner Marc Steinberg joins the board.

Etsy's shares soared over 10% on Thursday following the announcement that Marc Steinberg, a partner at activist investment firm Elliott Investment Management, was appointed to its board. Elliott is now Etsy's largest shareholder with a 13% stake in the company. Steinberg, who will join the board on February 5, has experience in technology, digital media, and e-commerce sectors. Etsy's CEO, Josh Silverman, praised Steinberg's passion for the company's mission and his excitement about future growth opportunities.

February 01, 2024
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