Etsy sellers hit by SVB collapse, payments delayed, NY Post reports

The Silicon Valley Bank (SIVB) collapse is hitting moms and other small business owners who sell online on Etsy (ETSY), New York Post’s Mellissa Klein reports. The commerce site notified shop owners that the deposits they were expecting Friday would be delayed "because of the recent developments regarding Silicon Valley Bank, who Etsy uses to facilitate disbursements to some sellers." Reference Link

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on ETSY:

• Etsy Falls after Double Downgrade
• Etsy downgraded to Underperform from Buy at Jefferies
• Etsy put volume heavy and directionally bearish
• Unusually active option classes on open March 8th
• Etsy price target raised to $150 from $125 at Truist