Amazon is one of the world’s leading e-commerce companies, offering a wide range of products and services. As such, it is often assumed that Amazon owns other similarly successful online stores, such as Etsy. While Amazon does have an ownership stake in Etsy, this does not mean that it owns the entire company.
Etsy was founded in 2005 as an online marketplace where independent makers and artists can sell their handmade or vintage items. The company has since grown to become one of the most popular e-commerce sites in the world, with over 60 million active buyers and sellers.
Amazon has been investing in Etsy since 2011, but its ownership stake only amounts to about 5%. This means that while Amazon does have a financial interest in the company, it does not own it outright.
In addition to its ownership stake in Etsy, Amazon also offers several products and services that are similar to those offered by the online store. For example, Amazon’s “Handmade” service provides access to handmade goods from around the world.
Similarly, Amazon’s “Vintage” section features vintage items from independent sellers. However, these services are not owned by or affiliated with Etsy.
Despite its investments in Etsy and its own similar offerings, Amazon does not own the popular online marketplace. This means that while shoppers can still purchase items on both platforms and benefit from Amazon’s services, they will be dealing with two separate entities when shopping on either site.
Conclusion:
No, Amazon does not own Etsy. While it has an ownership stake in the company amounting to about 5%, this does not mean that it owns all of Etsy outright.
In addition to this investment, Amazon also offers similar products and services through its own platform. However, shoppers should keep in mind that when making purchases on either site they will be dealing with two separate entities.
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