In 2011, in an effort to add social networking features to Etsy, the company implemented features that allowed users to search other users' buying histories and to trace their purchasing transactions. Etsy thought this feature would allow Etsy users to connect to individuals with similar buying and/or selling histories and an automatic opt-in was applied to all users without the attainment of prior permission. Users of the service raised concerns over the feature's violation of privacy rights, but an official response was not released by the company.[101]
In 2014, Etsy garnered a revenue of US$195.6 million, but registered a net loss of US$15.2 million. The platform generates revenue primarily from three streams: its Marketplace revenue includes a fee of [8] 5% of final sale value, which an Etsy seller pays for each completed transaction, on top of a listing fee of 20 cents per item; Seller Services, Etsy's fastest growing revenue stream, includes fees for services such as "Promoted Listings", payment processing, and purchases of shipping labels through the platform; while Other revenue includes fees received from third-party payment processors.[9]
The site was launched in 2005[43] by iospace, a small company composed of Robert Kalin, Chris Maguire, and Haim Schoppik. The initial version had taken two and a half months to build.[44] Later Jared Tarbell joined the team. Former NPR executive Maria Thomas joined as COO in 2008, was promoted to CEO and left Etsy in December 2009. Robert Kalin resumed his role as CEO from December 2009 until July 2011.[45] Investors include Sean Meenan,[46] Albert Wenger,[47] Spencer and Judson Ain, Union Square Ventures, and founders of Flickr and Delicious.[48]
First it was brush-lettered calligraphy place cards, then came rustic DIY chalkboards—but this year, designers are upping the ante once more and taking seating signage to new creative heights. “In 2019, guests are being guided to their seats in style,” says Dayna—and the options are virtually endless. From vintage-inspired luggage tags and customizable metallic maps for the couple who loves to jetset, to real fresh-cut leaves and mini planter sticks for green-thumbed brides and grooms, this year’s seating charts are both “personal and playful,” says Dayna. “Plus, they make for great keepsakes!”
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