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Elliott's Cohn says Etsy offers significant, multi-year upside for investors
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Elliott's Cohn says Etsy offers significant, multi-year upside for investors
Apr 3, 2024 3:23 PM

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.

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