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Shopify shares fell 7% to $134.10 and Etsy dropped 6% to $71.93 during Tuesday's midday trading, with no verified company-specific catalyst.
Shopify shares fell 7% to $134.10 and Etsy dropped 6% to $71.93 during Tuesday's midday trading, with no verified company-specific catalyst. The declines stood out against the broader e-commerce sector, as MercadoLibre (MELI) and the Amplify Online Retail ETF (IBUY) both saw more modest 3% drops. Analysts suggest the pressure on Shopify and Etsy may be isolated to these two names, potentially linked to their elevated valuations and positioning, rather than a wider sector-wide selloff.
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