Etsy, which bought Depop nearly five years ago, said the deal would allow it to focus on its core marketplace business.
Etsy shares skyrocketed more than 14% in extended trading on Wednesday after the company announced eBay would acquire its secondhand clothing reseller Depop for about $1.2 billion in cash.
The deal comes almost five years after Etsy bought Depop for … [2542 chars]
Source: CNBC | Published: 2026-02-18T21:14:56Z
Credit: CNBC
