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May 12, 2017

Etsy Reports Q1 Financials, Introduces New CEO and Staff Cuts

Business Operations, Business Services, Business Strategy, Consumer Services, Customer Service, FInance, Industry Announcements, News, Product Development, Revenue and Sales, SaaS and Cloud Services, Subscription Apps, Subscription Business Marketing /

Last week Etsy, Inc. (NASDAQ: ETSY), an online marketplace and commerce platform for creative entrepreneurs, released its first quarter 2017 financials, including a $0.4 million net loss, a decrease of 135.3 percent compared to net income of $1.2 million from Q1 2016. Along with its financial report, the company also announced that Josh Silverman, who joined the Etsy board last November, would become CEO effective May 3. Silverman, who has two decades of product development, marketing and e-commerce experience, replaces Chad Dickerson who will stay on in an advisory role until May 31. Previously, Silverman served as CEO of Skype, Shopping.com, and Evite, Inc.

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Five on Friday: Ad Blocking, Viral Content and What CMOs Need to Know

Auto-renew Subscription, Business Media and Publishing, Business Operations, Business Services, Business Strategy, Consumer Media and Publishing, Consumer Services, Customer Service, Magazines, News, Product Development, Research and Benchmarks, Revenue and Sales, Subscriber Acquisition, Subscriber Only, Subscription Business Marketing /

This has been a great week for Subscription Insider, wrapping up another sold-out Payment Boot Camp. We enjoyed meeting some of you and sharing the wisdom of our subscription, billing and payment experts! While that was going on, we were also working on this weeks edition of Five on Friday. In this issue, Pagefair shows how Facebook is winning with its ad block strategy, PR Daily shares how marketers can increase webinar attendance, Meredith Corp. signs 700,000 paid subscribers to The Magnolia Journal, Media Blog tells us how to create viral content in 6 steps, and CIO shares 8 things that CMOs need to know now. Enjoy!

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