NEW YORK, April 3 (Reuters) - Elliott Investment
Management's managing director Jesse Cohn said on Wednesday he
believes e-commerce platform Etsy ( ETSY ) will generate
"significant, multi-year upside."
Elliott, one of the world's most prominent investors, has a
13% economic stake in Etsy ( ETSY ), including both common shares and
swaps, a person familiar with the matter told Reuters in
February.
At the Sohn Conference, in New York, Cohn said he sees room
for "product engagement and monetization opportunities,"
comparing Etsy ( ETSY ) to Pinterest ( PINS ), another company to which
Elliott appointed a board member in 2022.
Cohn said Etsy ( ETSY ) has potential to add more buyers and increase
the amount of money they spend on the platform, for instance.
In February, Etsy ( ETSY ) appointed Elliott's portfolio manager Marc
Steinberg to its board.