For Etsy, inclusion isn't just a marketing strategy to gain new customers and sellers, it's ingrained in the DNA of the company and part of the machine that helps the e-commerce platform thrive, Dayna Isom Johnson told Cheddar.
"Last year we really took a more [concerted] effort and approach in how we can make our workforce even more diverse and so we were able to double that number of underrepresented minorities in 2019 versus 2018," said the Etsy trend expert.
The company's dedication to diversity extends beyond its staff to ensure that Black and other minority sellers on the platform are getting a boost through company programs and "community building" where they can share information and promote their businesses, Johnson added.
"I think another great example is that community-led team that I was speaking about, the Black-owned shops team, because, again, that's really grassroots effort. That is our seller community coming together to help build and uplift each other," she said.
The company has also carved out a section of its site specifically for Black-owned businesses as more people search for them on the platform.
"In terms of people really wanting to support these Black-owned shops and businesses, the demand is there," she said.
While this year certainly saw more companies making an effort to uplift small, Black-owned businesses, Johnson said inclusion efforts for Etsy's "global community" were underway before it became mainstream.
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Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
