etsy is clear case of poor management, just taking a brief look at their financial statements it is clear they are doing something clearly wrong. Their revenue

etsy is clear case of poor management, just taking a brief look at their financial statements it is clear they are doing something clearly wrong. Their revenue is growing but their expenses are growing at the same rate so they remain unprofitable. from 2014 to 2015 revenue grew from 29 million to 45 million per quarter while general expenses grew from 22 million to 31 million. Amazon is another company that does this but at least they have the sense to keep the company slightly in the black to slowly gain small amount of cash reserves, etsy is just burning through their capital for no reason, they earn plenty of revenue to be able to turn a profit