1. Etsy's CEO Josh Silverman is stepping down and will be replaced by Kruti Patel Goyal, the current president and chief growth officer, by the end of this year.
2. Silverman, who has led Etsy for eight years, will become the company's executive chairman.
3. Etsy has faced challenges in growing its business, with a decrease in active buyers and sellers, as well as a drop in gross merchandise sales in Q3 2025. In contrast, Depop, which Etsy acquired four years ago and is led by Goyal, has shown significant growth in the same period.