Etsy CEO talks acquiring Brazil-based Elo7: ‘The Etsy of brazil’

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  • CNBC Television published this video item, entitled “Etsy CEO talks acquiring Brazil-based Elo7: ‘The Etsy of brazil'” – below is their description.

    “The opportunity for Brazil’s e-commerce sector to grow faster than the U.S. we think is very meaningful overtime,” Etsy CEO Josh Silverman said after the company moved to buy Elo7 in a $217 million deal.

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    In This Story: Brazil

    Brazil is the largest country in both South America and Latin America.

    Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 states and the Federal District. It is the largest country to have Portuguese as an official language and the only one in the Americas, as well as the most populous Roman Catholic-majority country.

    Its Amazon basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, and extensive natural resources spanning numerous protected habitats. Brazil is classified as an upper-middle income economy by the World Bank and a newly industrialized country.

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