Etsy shares plunge sharply after abrupt chief executive transition

Etsy’s stock dropped nearly 9% after CEO Josh Silverman resigned and was replaced by Kruti Patel Goyal, the company’s former Chief Product Officer. The sudden leadership transition triggered investor uncertainty and pushed shares to a five-month low in premarket trading. Analysts cited concerns over management stability, competitive pressures, and strategic continuity. Despite reassurances from the board regarding operational priorities, sentiment remained weak as traders await clarity on Etsy’s growth roadmap and upcoming quarterly earnings to assess turnaround potential and leadership direction.