In a regulatory filing, Etsy disclosed that effective May 2022, its board of directors approved a stock repurchase program authorizing Etsy to repurchase up to $600M of its common stock, of which approximately $153M remained available as of March 31. On June 14, the board of directors approved a new stock repurchase program authorizing Etsy to repurchase up to $1B of its common stock. The June 2023 stock repurchase program does not have a time limit and may be modified, suspended or terminated at any time by the board of directors. The May 2022 stock repurchase program remains in effect, the filing noted.
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