E-commerce artisan marketplace Etsy is at a crossroads as it tries to balance declining gross merchandise sales, a tumbling stock price and high inflation with the needs of its 7 million sellers. "After the big increase in both buyers and spending per buyer during Covid, it looks like they've hit a wall," said Jason Helfstein, a managing director at Oppenheimer & Co. Etsy's first-quarter results were disappointing: gross merchandise sales, or GMS, fell; its consolidated marketplace revenue was flat, with ye ...