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Etsy Stock Lower After Amazon's 'Handmade' Launch

NEW YORK (TheStreet) -- Etsy (ETSY) stock is sliding by 4.51% to $13.54 in mid-morning trading on Thursday, after e-commerce giant (AMZN) launched its rival site 'Handmade' today.

Handmade, which describes itself as "a new store on for invited artisans to sell their unique, handcrafted goods to our hundreds of millions of customers worldwide," is viewed as a direct competitor to Etsy, which describes itself as "a marketplace where people...