The consumer upsides for small businesses on online markets
Consumer spending made up 68% of US GDP (Gross Domestic Product) in the first quarter of 2024, according to the US Bureau of Economic Analysis, with small businesses accounting for just less than half of economic activity.
As part of Yahoo Finance’s Small Business: Big Opportunities special this week, Citizens JMP Equity Research Analyst Nick Jones and BTIG Director Marvin Fong discuss the companies and platforms that small business owners are operating through, such as Etsy (ETSY), Fiverr International (FVRR), and eBay (EBAY).
While Jones calls Etsy “a pillar for small businesses” that easily enables budding entrepreneurs to open up