Etsy CEO says the company is seeing a new all-time high of active buyers

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Etsy CEO Josh Silverman discussed his company's earnings with CNBC's Jim Cramer on Thursday, explaining how the e-commerce platform is trying to boost revenue.

on Thursday, noting that the e-commerce platform closed out Q2 with a new all-time high of active buyers, just under 91 million.

"Etsy experienced extraordinary gains during the pandemic, and unlike so many other companies, we've held almost all of those gains," Silverman said. "And so now, the next step for Etsy is to show that we can grow on top of those enormous gains from the pandemic."in 2020 alone, largely driven by the sale of face masks, but the company has seen "stiff headwinds and uncertain macroeconomic conditions" since, Silverman said in a Thursday conference call.

"If you're a creator, you can create things, and then, for 20 cents, open a shop on Etsy and sell to the whole world," Silverman said. "There's no better place for creative entrepreneurs to be, and we're seeing that."

 

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