Etsy acquires ‘the Etsy of Brazil’
June 29, 2021
Etsy has reached a deal to acquire Elo7 for $217 million. Josh Silverman, CEO of Etsy, called Elo7 “the Etsy of Brazil.” The U.S.-based online crafts marketplace made the deal based on Elo7’s “growth potential over the medium and over the long term,” said Mr. Silverman. “The opportunity for Brazil’s e-commerce sector to grow faster than the U.S., we think, is very meaningful over time.”
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.