Liz Gannes

Recent Posts by Liz Gannes

Etsy Sellers Grossed $895M in 2012

Etsy said today that its online marketplace sales grew 70 percent to $895 million in 2012, with total membership nearly doubling to 22 million. But the eight-year-old company takes in only a sliver of that revenue, by charging fees of 3 percent to 3.5 percent per transaction, $0.20 per listing and additional amounts for advertising.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald