Etsy shares, despite rising 8% to $71.84 at 2:20 p.m. ET on Thursday, have lost nearly half their value over the past year.

Shares of digital retailer Etsy surged on Thursday after the company announced that activist investor and Elliott Investment Management partner Marc Steinberg will join the company’s board on ...

Etsy on Thursday appointed Elliott Investment Management portfolio manager Marc Steinberg to its board, effective Feb. 5, the two sides said in a release.