Changed Risks for ETSY INC (ETSY)

Here are risks that changed year over year. risks from the recent filings of ETSY INC. Our algorithms work hard to highlight risks unique to this company.

Accounting for Convertible Debt Instruments That May Be Settled in Cash Upon Conversion (Including Partial Cash Settlement)

South Dakota v Wayfair, Inc et al

Our business, financial performance and growth depends on our ability to attract and retain an active and engaged community of Etsy buyers and Etsy sellers

The accounting method for convertible debt securities that may be settled in cash, such as the Notes, could have a material effect on our reported financial results

We may be subject to intellectual property claims, which are extremely costly to defend, could require us to pay significant damages, and could limit our ability to use certain technologies in the future

Wayfair

We have a significant amount of debt and may incur additional debt in the future We may not have sufficient cash flow from our business to pay our substantial debt when due

We will rely on Google Cloud for a substantial portion of our computing, storage, data processing, networking, and other services Any disruption of or interference with our use of the Google Cloud operation would adversely affect our business, financial performance, and growth

—Debt with Conversion and Other Options

Adherence to our guiding principles and our focus on our mission and long-term sustainability may negatively influence our financial performance Further, our reputation could be harmed if we fail to meet our impact strategy goals

Our stock repurchases may not achieve the desired objectives

Failure to deal effectively with fraud or other illegal activity could harm our business

We are subject to risks related to our corporate social responsibility metrics

The terms of our debt instruments may restrict our ability to pursue our business strategies

Legal, political and economic uncertainty surrounding the planned exit of the United Kingdom from the European Union may be a source of instability in international markets, create significant currency fluctuations, adversely affect our operations in the United Kingdom and pose additional risks to our business, revenue, financial condition, and results of operations

Our payments system depends on third-party providers, requires ongoing investment, and is subject to evolving laws, regulations, rules, and standards

Operating as a public company requires us to incur substantial costs and requires substantial management attention