It's Thursday, May 6th.

Welcome to Marketfoolery.

I'm Chris Hill with me today, Alicia Alfieri.

Good to see you.

So glad to be here.

So we've got mobile gaming, we've got the war on cash, but we are going to start today

with e-commerce.

Etsy's first quarter profits in revenue were both solidly higher than expected, but you

would not know that from what is happening to the stock today.

The shares of Etsy falling 14%, I'm assuming this is just based on valuation, right?

Because there didn't seem to be any big red flags in their results.

Yeah, and we could talk about the results in a second.

What I would say is that it looks to me like the stock price is really reacting to some

of the guidance that's coming up.

So they're going to have some a little bit more difficult year-to-year comps coming up

because they did so well.

Last year, remember, we had all of the masks on their platform that everyone was looking

to buy.

And I think that's really what's causing that.

But if we talk about their results, so I'll take a step back and just explain what

Etsy is.

So, Etsy is the e-commerce platform for unique handmade and vintage products.

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