Etsy hired a new CEO in May.

Online retailer Etsy Inc. (ETSY - Get Report) has had some growing pains since it debuted a little more than two years ago, firing multiple executives including its CEO, as the company attempts to strike a balance between its tech and retail sides, the Wall Street Journal reported Tuesday. 

The stock has rebounded nicely since new CEO Josh Silverman took over in May. Silverman has cut spending while focusing on the company's core marketplace, resulting in revenue growth. 

Etsy's stock fell well below $10 per share before Silverman took over, but since March the stock has jumped nearly 40%. 

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