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Etsy strike organizer says forming a union is the next step
FOX Business Flash top headlines for April 12
Here are your FOX Business Flash top headlines for April 12.
Etsy strike organizer Kristi Cassidy's online petition protesting a hike in seller fees has gained support from more than 62,000 people.
The next step is to try and form a union, Cassidy told FOX Business.
"But, I hesitate to call it that because what does the union even look like for Etsy sellers?" she said.
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In the online petition addressed to Etsy CEO Josh Silverman, which has gained a strong backing, Cassidy is drawing attention to a variety of issues she says sellers are facing on the platform, including the company's plans to increase transaction fees. Starting Monday, Etsy sellers must pay a 6.5% commission on each transaction, up from the 5% in place since 2018.
"We work so hard. I think the most horrible circumstance imaginable is to bring Etsy record profits for multiple years in a row, and they don't need to increase the amount that they take from us in response to that," Cassidy told FOX Business.
Cassidy and more than 60,000 other petitioners are also taking issue with Etsy’s advertising policy. It requires sellers making at least $10,000 a year on Etsy and who have their products advertised on Etsy’s offsite social media and search-engine partners, to pay a 12% advertising fee on sales made through the ads.
She is also pleading for Silverman to crack down on resellers, or people selling mass-produced goods that they have not designed themselves.
Etsy did not respond to FOX Business' requests for comment.