Etsy has gotten very big, very fast. This year, sales are at about $800 million.
"Their growth on all the major metrics you want to look at has accelerated really consistently," says journalist Rob Walker.
Walker recently wrote a story for Wired Magazine with the headline, "Can Etsy Go Pro Without Losing Its Soul?" Here's why: Etsy makes money from its sellers: 20 cents every time they list an item and 3.5 percent of every sale. Today, there are some 800,000 sellers.
Eighteen months ago Eden Full was finishing up her sophomore year at Princeton University. She was on the crew team as a coxswain. She had spent the previous summer in Kenya building an innovative, low-cost contraption to make solar panels more efficient.
Full was glowingly successful — the kind of college student who ends up profiled in alumni magazines.
To many beer fans, the arrival of the Westvleteren 12 Trappist ale in American shops today is a chance to try a beer they've only read about on beer-geek blogs and sites — where it's often given a "world class" rating of 100.
But finding the beer can be tricky — it's not available in all states, and some stores sold out of their allotment within hours of opening Wednesday.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish.
Negotiations are intensifying between congressional Republicans and the White House. Both sides say they want to find a compromise to end the budget stalemate that's gripped Washington. Both sides are also vying for support from the business community. The White House has reportedly put an overhaul of the tax code on the table.
This week we are exploring the evolution of the American shopping experience. In the second installment in this series, Audie Cornish explores the influence of the Internet on the brick-and-mortar retail world. Maxwell Gillingham-Ryan, founder of the design website Apartment Therapy, says that as shoppers move online, the physical store has morphed into more of a showroom for products that are later purchased on the Web, and a place to tell a brand's "story."
Saying it is concerned that the economy won't be strong enough in coming months to keep adding jobs to the labor market, the Federal Reserve announced this afternoon that is increasing its efforts to give the economy a boost.
And in an unusually specific statement from the central bank, its policymakers said they expect to keep a key short-term interest rate at or near zero percent "as long as the unemployment rate remains above 6.5 percent."
India's government has approved an inquiry into Wal-Mart's lobbying activities in the U.S. as a heated debate over the retail giant's plans for stores in India moves into a new phase, NPR's Julie McCarthy tells us from New Delhi.
The debate over the congressional budget has both political parties putting previously 'untouchable' policies on the table for negotiation. As part of Tell Me More's 'Why Not?' series, host Michel Martin and NPR correspondents Julie Rovner and John Ydstie take a closer look at entitlement spending, like Social Security and Medicare.
The Bureau of Land Management is auctioning off 18,000 acres of oil leases in California Wednesday. The state has one of the largest deposits of shale oil in the country. And it's attracting new attention because of the drilling technique known as hydraulic fracturing – or fracking.
Originally published on Wed December 12, 2012 7:36 am
Greece's government says it will buy back nearly 32 billion euros of its bonds — that means the country would be erasing nearly $40 billion worth of debt. The country's private-sector creditor agreed to sell off the bonds, though at sharply discounted prices. Getting rid of this chunk of debt should allow Greece to get more money from the International Monetary Fund.