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EBay, Etsy's Q1 earnings are signaling weaknesses in consumer

Brad Smith and Madison Mills

Shares of Etsy (ETSY) and eBay (EBAY) are both sliding Thursday morning after both companies posted their first-quarter earnings results, revealing signs of weakening spending in the consumer discretionary category. At Etsy, merchandise sales were down 3.7% year-over-year with habitual buyers down 2.9% year-over-year.

Yahoo Finance's Madison Mills joins Wealth! to break down the consumer pressures afflicting these e-commerce platforms.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Nicholas Jacobino