FIRST AIRED: May 20, 2015

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COMING UP:Share Opener Variant 1

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Transcript

00:00:00
shares of archie online retailer etsy getting trounced wednesday following all the way back down to their sixteen dollars i. p. o. price more than twenty percent slide coming one day after its first earnings report was downright ugly marketplaces losing more money than investors thought and revenues aren't rolling in as fast as expected at sea spending big on hiring and marketing to further expand its global reach warning investors it will keep on spending in the current quarter and that is not the only warning at c. says sales outside of the united states could be impacted by foreign exchange rates after international gross merchandise sales fell in the first quarter the report just one more reason for investors to cash out after the stock more than doubled in its market debut just over a month ago worries that the company isn't growing fast enough and counterfeit goods on the site could be problems down the road for etsy and its investors