Etsy stock tumbled after announcing CEO Josh Silverman’s departure, to be replaced by Kruti Patel Goyal. Goyal, currently Etsy’s Chief Growth Officer, was previously the CEO of Depop. Despite a 77% drop from its pandemic peak, Etsy’s stock is up 24% for the year. Goyal takes over Jan. 1, 2026.

Goyal’s success at Depop, doubling sales and buyer base, brings hope for Etsy’s future. The recent third-quarter earnings showed growth in gross merchandise sales and revenue, but a decline in Etsy marketplace GMS. The new CEO will need to make significant changes to boost the company’s growth and stock performance.

Read more at Yahoo Finance: Etsy Is Getting a New CEO. Could This Be the Beginning of a Turnaround?