Mar 05, 2020 / 12:00AM GMT
Lauren Elizabeth Cassel - Morgan Stanley, Research Division - Research Associate
All right. Thank you, everyone, for joining us this afternoon. I'm Lauren Cassel, Morgan Stanley's small and mid-cap Internet analyst. And I'm thrilled to be joined this afternoon by Josh Silverman, Etsy's Chief Executive Officer; and Rachel Glaser, Etsy's Chief Financial Officer.
Before I get started, 2 quick disclosures. Please note that all personal -- all important disclosures, including personal holdings disclosures and Morgan Stanley disclosures, appear on the Morgan Stanley public website at www.morganstanley.com/researchdisclosures or at the registration desk. And for Etsy, their safe harbor statements can be found on their website.
Questions and Answers:
Lauren Elizabeth Cassel - Morgan Stanley, Research Division - Research AssociateAll right. So maybe let's kick it off, high level, big picture. Tell us a little bit about how we should think about Etsy's
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