Turns out that Etsy’s first day of trading might have been as cuckoo bananas as it actually looked.It appears Bess is training a new team in the DealBreaker style.*
After soaring to Icarian (if Icarus had made his wings out of hemp and spirit glue) values on Thursday, during which it peaked at $35.74 a share, Etsy stock is now unraveling like a spool of ethically-farmed yarn… in the hands of Wiccans… sharing a drafty farm house....MORE
Signposts: "Etsy’s Surging IPO Shows Losing Your Indie Cred Pays Off"
The IPO priced at $16 on Thursday so despite today's whack the stock is still up over 55%.
Not that I'd pay that much but it is what it is.
*I wonder whatever happened to that Matt Levine fellow, I liked his footnotes.