eBay agrees to acquire secondhand clothing app Depop from Etsy for ~$1.2B in cash; Etsy bought Depop, popular with Gen Z, in 2021 for $1.6B; ETSY jumps 5%+
The $1.2 billion deal comes as eBay looks to expand its appeal among younger users. — Secondhand clothing apps hit a stride during …
New York Times Niko Gallogly
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Discussion
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@bjornjeffery
Björn Jeffery
on x
$425m less than Etsy bought it for in 2021.
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@mikeisaac
Rat King
on x
i did not know that etsy bought (and then sold??) two of the ecommerce sites i spend the majority of my time browsing etsy feels like the most mismanaged company ever [image]
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@jimcramer
Jim Cramer
on x
I think Etsy selling Depop for $1.2 billion to EBay is good for both even as Etsy paid $1.6 billion for the property. Etsy needs money to make its site better
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@mikeisaac
Rat King
on x
i just spent all of xmas break selling old stuff from my garage on depop and ebay and kept marveling how how terrible ebay's UX is compared to the simplicity of depop (though the latter has its quirks) and now this. you have gotta be fucken kidden me [image]