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☆ I designed the hat Beyoncé wore in the Renaissance tour promo. Now I'm working up to 15 hours a day to meet my Etsy waitlist of 6,000.
▼ + stars: | 2023-03-14 | by ( Jenny Powers | ) www.businessinsider.com time to read: +6 min

Now Misbin works 12 to 15 hours a day to keep up with the waitlist of 6,000 for the disco-ball hat. On February 1, I sold 70 disco-ball hats at an increased price of $350 each. I'm a hat decorator first and foremost, and I'm not willing to sacrifice the quality of my product to sell more of them. Thanks to their help, I've cut about an hour off the process of making a disco-ball hat, so at five hours per hat, I can usually make around 15 a week. At the end of the day, I didn't create the disco-ball hat.

☆ Exclusive: Union Square Ventures warned startup founders in November to diversify their deposit holdings after alarm over Silicon Valley Bank
▼ + stars: | 2023-03-14 | by ( Ben Bergman | ) www.businessinsider.com time to read: +3 min

Union Square Ventures warned portfolio companies in November to diversify their bank deposits. The warning, which has not been previously reported, never specifically mentioned SVB. "If you read the SVB financial statements, which most people don't do, you could see an impending liquidity crisis," said one source. Venture investment firm Greenoaks Capital Partners also warned its startup founders of potential problems at SVB last November, Bloomberg reported. In December, a New York banker at a large financial institution started getting calls from current Silicon Valley Bank startup founders asking to open accounts, Insider previously reported.

☆ Google got a pandemic boost for its Workspace software but blew it, insiders say. Now it plans to attack Microsoft with a new push in AI.
▼ + stars: | 2023-03-14 | by ( Rosalie Chan | Hugh Langley | ) www.businessinsider.com time to read: +14 min

Google Cloud CEO Thomas Kurian spent much of his time at a partner meeting talking about Workspace, tweeted Tony Safoian, CEO of Google Cloud partner SADA Systems. "Around the globe, more than nine million paying organizations, and more than three billion users rely on Google Workspace for communication and collaboration. Other major customers like Deutsche Bank use Google Cloud for cloud infrastructure, but Microsoft Office for collaboration software. Forty-four percent of software procurers whose organization plans to or currently uses Microsoft's collaboration software also use Google Workspace, according to the 2022 Forrester study. While Google Cloud is still unprofitable, it has decreased losses to $480 million, down from $890 million last year.

Approximately 0.5% of Etsy's active sellers -or around 2,700 merchants- had their payments delayed on Friday related to SVB's collapse, according to Etsy. The payments Etsy sellers received is unrelated to the Federal Reserve's Sunday announcement, which ensured that SVB's customers would have access to their funds on Monday. Shopify has temporarily paused payments to its merchants who receive payments to SVB accounts. These online sellers must update their bank accounts that have no connections with SVB to resume getting payments. Switching bank accounts can pose a problem for sellers whose sole business account was with SVB.

☆ Everything you need to know about a crazy weekend in the wake of Silicon Valley Bank's failure
▼ + stars: | 2023-03-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's all about Silicon Valley Bank going down and the knock-on effects. If you're not up to speed, here's a quick rundown on what the hell happened at Silicon Valley Bank. The US Treasury, Federal Reserve Board, and the Financial Deposit Insurance Corporation announced they would "fully protect" all depositors who had funds in Silicon Valley Bank. Regulators also made one thing clear with their announcement: "No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer." Nobel Prize-winning economist Paul Krugman has a new name for Silicon Valley Bank.

☆ Some Etsy sellers say they're shutting their stores until the platform clears up any risk of non-payment from Silicon Valley Bank's collapse
▼ + stars: | 2023-03-13 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Etsy sellers have started putting their shops on "vacation mode" to lower the risk of non-payment. The e-commerce platform used the Silicon Valley Bank to process payments to their sellers. This new move from some Etsy sellers comes as Etsy reels from the fallout of the Silicon Valley Bank collapse. The Federal Deposit Insurance Corporation dissolved Silicon Valley Bank on Friday after a disastrous bank run. Silicon Valley Bank's collapse is the largest bank failure in the US since the 2008 financial crisis.

☆ Some Etsy sellers are still having trouble accessing funds tied to Silicon Valley Bank and they don't know when they'll get them
▼ + stars: | 2023-03-13 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

Some Etsy sellers are waiting for their payments from the online marketplace after SVB's collapse. Also, some sellers aren't sure when they'll get the funds and haven't received updates from Etsy. However, some Etsy sellers on Reddit said they still haven't received payment and others said they have been notified that their payments may not come for days or weeks. Insider spoke with three Etsy sellers who said they had not yet received any communication from Etsy. If you are an Etsy seller affected by delayed payments and want to share your story, please reach out to this reporter at jortakales@insider.com.

☆ Stocks making the biggest moves midday: First Republic Bank, Moderna, Newmont, Illumina and more
▼ + stars: | 2023-03-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

REUTERS/Mike SegarCheck out the companies making the biggest moves midday:Regional banks —Shares of regional banks plummeted following the collapse of Silicon Valley Bank and Signature Bank. Citi , Bank of America , Goldman Sachs — Shares of major banks also saw losses after the closure of the Silicon Valley Bank and Signature Bank. Moderna — The biotechnology company's shares gained nearly 6% after TD Cowen upgraded the stock to outperform from market perform. Spot gold passed the key level of $1,900 as investors bet the Federal Reserve may tone down rate hikes on the heels of Silicon Valley Bank's collapse. Over the weekend, NBC News reported that the e-commerce company warned sellers that the collapse of Silicon Valley Bank is causing delays in processing payments.

☆ Etsy told sellers that payments will be delayed because it was using Silicon Valley Bank
▼ + stars: | 2023-03-12 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Etsy told sellers Friday it would delay paying them due to the collapse of Silicon Valley Bank. The marketplace said it will pay sellers in the next few business days via another payment partner. This was related to the rapid and unexpected collapse of Silicon Valley Bank," Etsy said in the statement posted on its community forum. Amanda Nielsen, who has a soap store called Flower and Earth on Etsy, told Insider: "I am not especially worried right now. "Our teams have been working around the clock to implement a solution, and we expect to pay sellers via our other payment partners within the next several business days."

☆ 'I don't know how this ends': Mom with 4 kids in Ohio who owns small startup says SVB mess is not just a '1% problem'
▼ + stars: | 2023-03-12 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Silicon Valley Bank, a startup-heavy financial institution once trusted by the tech world, collapsed this week. Regulators shut down the bank, affecting major companies like Roku and Etsy. Silicon Valley Bank, a major financial institution that frequently worked with startups, collapsed days ago, throwing the tech world into a spiral. The collapse has affected companies like Etsy, forced to delay payments to many who sell goods on its site. I know that the financial future of Strongsuit; my team and my family are at risk w/ the collapse of SVB.

☆ My Etsy store has made $1.9 million in lifetime sales. Here's how I found success selling handmade jewelry.
▼ + stars: | 2023-03-12 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Ashley Bostwick started her Etsy shop, Wander and Lust Jewelry, in 2014 as a side hustle. Since then, she's made $1.9 million in sales on Etsy and teaches a course to mentor Etsy sellers. Since starting her Etsy shop, Wander and Lust Jewelry , in 2014, she's made $1.9 million in sales, which Insider verified with documentation. Pieces from a Wander and Lust Jewelry collection. Pieces from a Wander and Lust Jewelry collection.

☆ Etsy warns sellers of delay in processing payments due to Silicon Valley Bank collapse
▼ + stars: | 2023-03-11 | by ( Rob Wile | ) www.cnbc.com time to read: +3 min

Etsy is warning sellers that the collapse of Silicon Valley Bank on Friday is causing delays in processing payments, according to an email from the company shared with NBC News. "We wanted to let you know that there is a delay with your deposit that was scheduled for today," the email from Etsy said. "Please know that our teams are working hard to resolve this issue and send you your funds as quickly as possible." One affected Etsy seller told NBC News the deposits delay would have a "catastrophic" effect on his business. The FDIC has formed a separate entity where all insured SVB deposits — up to $250,000 per depositor — will be available by Monday morning.

☆ The 5 easiest Etsy shops to start where entrepreneurs can earn 6 figures or more
▼ + stars: | 2023-03-10 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +1 min

Selling handmade or customized items on Etsy is a popular side hustle that can earn six figures or more. However, success on Etsy is all about catering your product to what is trending in searches. Here are five of the easiest products to sell on Etsy with insights from founders who've done it. One way to boost sales is to sell products that are in high demand, but with low competition from other sellers, an Etsy user said in an Instagram post. Here is a list of the best and easiest products to sell on Etsy, along with insights from successful founders who post about their Etsy businesses on social media.

☆ Jefferies double downgrades Etsy, sees stock tumbling 25% as consumer spending slows
▼ + stars: | 2023-03-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The analyst noted that Etsy's buyer churn rose throughout 2022, reaching a record in the fourth quarter. Buyer spending also lowered during this time, down 3% year over year in the fourth quarter, according to the note. Etsy shares are down 5% in 2023, after tumbling more than 45% in 2022. The analyst's new $85 price target, slashed from $150, implies Etsy shares can fall about another 25% from Wednesday's close. ETSY 1D mountain Etsy shares 1-day —CNBC's Michael Bloom contributed to this report.

☆ Cramer's Mad Dash: Jefferies double downgrades Etsy
▼ + stars: | 2023-03-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's Mad Dash: Jefferies double downgrades EtsyCNBC's Jim Cramer discusses the double downgrade from Jefferies on Etsy.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Target, Goldman Sachs, Meta, FedEx & more
▼ + stars: | 2023-03-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +12 min

Bank of America reiterates Goldman Sachs as buy Bank of America said the investment bank is "best-in-class." Bank of America reiterates Taiwan Semiconductor as buy Bank of America said the semiconductor company has "strong AI potential." Evercore ISI reiterates Meta as a top pick Evercore named Meta a top pick, noting it still likes the company's business model. " Evercore ISI reiterates Meta as a top pickEvercore named Meta a top pick, noting it still likes the company's business model. Oppenheimer reiterates Meta as outperformOppenheimer said it's standing by its outperform rating on Meta.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Jobs, Fed, crypto
▼ + stars: | 2023-03-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Club holding Eli Lilly (LLY) says trial results show its older Alzheimer's drug failed to slow cognitive decline. Oppenheimer says Club holding Meta Platforms (META) has figured out how to give more data to advertisers, and that's driving shares higher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Stocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber and more
▼ + stars: | 2023-03-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the opening bell:Etsy — Shares fell more than 6% in premarket after Jefferies double-downgraded the online marketplace to underperform from buy. Silvergate Capital — Shares of the crypto lender tumbled 50% after the company announced it will wind down operations and liquidate Silvergate Bank. Uber — Shares of the ride-hailing company rose about 2% in premarket trading following a Bloomberg report that Uber is considering spinning off its freight logistics division. SVB Financial — The financial services company's stock dropped 30% after the firm announced that it intends to offer $1.25 billion of its common stock and $500 million of depositary shares. LoanDepot — The mortgage lender's shares shed over 10% after its fourth-quarter earnings report missed analysts' expectations.

☆ Stocks making the biggest moves midday: General Electric, Silvergate Capital, Peloton, Etsy and more
▼ + stars: | 2023-03-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Silvergate Capital — The crypto lender's stock sank 23% after the company announced it will wind down operations and liquidate Silvergate Bank. Revenue came in at $150.2 million, topping the $145 million expected. CEO Dustin Moskovitz also said he was buying 30 million shares. Revenue came in at $103.5 million compared to the $101.7 million expected. Adjusted earnings per share came in 1 cent ahead of estimates at 18 cents.

☆ Etsy COO Raina Moskowitz
▼ + stars: | 2023-03-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtsy COO Raina MoskowitzEtsy COO Raina Moskowitz reflects on her own journey this Women's Heritage Month and encourages other women to be bold.

☆ Goldman's technology team names a clear top pick for the rest of 2023
▼ + stars: | 2023-03-07 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Goldman Sachs has highlighted several opportunities for investors to play an uncertain environment now that the fourth quarter earnings season is over. With that in mind, Goldman highlighted Amazon as its top pick for the remainder of the year, among several other large cap, buy-rated stocks. Here are some of Goldman's other tech picks: The firm has a $145 price target on Amazon, which implies upside of about 54% from Monday's closing price. In gaming, Goldman names Take-Two Interactive its top pick. Goldman has a $155 price target on Take-Two, which is almost 34% above where it closed Monday.

☆ Tiger Global-backed $2 billion marketplace startup Ankorstore is set to become the latest tech unicorn to cut jobs, sources say
▼ + stars: | 2023-03-06 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

French retail marketplace startup Ankorstore is set to cut a significant amount of roles, sources said. The Tiger Global-backed company has raised 365 million euros (around $387 million) to date. It is the latest high-profile Tiger Global startup to slash jobs, following on from Stripe and Getir. Ankorstore, a $2 billion marketplace startup that counts US investing giant Tiger Global among its biggest backers, is set to cut a substantial amount of its workforce, sources say. Investment firm Tiger Global had been a major pandemic startup investor, with a particular uptick in European deals through 2021.

☆ I'm an OnlyFans creator who sells personal items like my underwear. Here's how I promote myself on Reddit and Twitter to find buyers.
▼ + stars: | 2023-02-27 | by ( Lola Christina Alao | ) www.businessinsider.com time to read: +6 min

She began selling personal items online on the side after people asked for them. At the strip club I was introduced to the concept of selling weird items online, and I found my first few clients. Blue has sold a variety of personal items. I've had a lot of luck with auctions on sites where selling personal items is allowed, and I do one almost daily. About 20% of my OnlyFans income comes from selling items, and the rest comes from images and videos.

☆ Stocks making the biggest moves midday: Beyond Meat, Live Nation, Yeti, Boeing and more
▼ + stars: | 2023-02-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Live Nation — The ticker seller fell 9%, despite reporting fourth-quarter revenue of $4.29 billion, up about 60% year over year and topping StreetAccount's estimate of $3.6 billion. EOG Resources — The energy company dropped 5.1% after reporting fourth-quarter earnings, excluding items, that were short of analysts' expectations, according to StreetAccount. Etsy — Etsy slipped 4.8%, a day after gaining more than 2% on its fourth-quarter earnings beat. The company also offered cautious guidance for its first quarter, anticipating $2.95 billion to $3.15 billion in gross merchandise revenue. However, Autodesk beat fourth-quarter expectations on the top and bottom lines, according to Refinitiv.

☆ Etsy Can Afford to Upgrade Its Look
▼ + stars: | 2023-02-23 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

Etsy has proved that it can hold on to its eye-popping pandemic-era gains. Etsy ’s simple growth story is getting a bit more complicated. The company said on Wednesday that its gross merchandise sales, the value of transactions through its platforms, declined 4% in the fourth quarter compared with a year earlier. That was much milder than the 8.4% drop analysts polled by Visible Alpha were expecting. Even more encouragingly, the number of active buyers actually rose slightly—a surprising turn compared with a decline analysts expected to see.

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