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 …
eBay agrees to acquire secondhand clothing app Depop from Etsy for ~$1.2B in cash; Etsy bought Depop in 2021 for $1.6B; ETSY jumps 17%+ after hours
Niko Gallogly /New York Times:
eBay reports Q4 revenue up 15% YoY to $3B, vs. $2.87B est., GMV up 10% to $21.2B, and forecasts Q1 profit above estimates; EBAY jumps 6%+ after hours
EBay Inc. agreed to buy Depop for about $1.2 billion in an effort to attract younger shoppers and stand out in an increasingly cluttered e-commerce market.
A look at Chinese fast fashion online retailer Shein, as 2020 sales reportedly hit $10B thanks to knockoff items, a nimble supply chain, and social media
By connecting China's garment factories with Western Gen-Z customers, Shein ushered in a new era of “ultra-fast” shopping. Tweets: @lmatsakis , @shiraovide , @lmatsakis , @lemonsand , @lmatsakis , @mi...
A look at the rise of high-earning teens on Depop, who are using the Etsy-owned clothing marketplace to make thousands per week, often battling the algorithm
Seventeen-year-old Chelsea Aves of Fremont, California, has had a Depop account since her sophomore year of high school.
Etsy says it will acquire Brazilian marketplace for creators Elo7 for $217M; the brand will remain standalone, operating out of Sao Paulo
On the heels of Etsy's huge deal to acquire Depop to open the door to more social selling, targeting younger users, and deeply expand in Europe …
Etsy says it is buying the London-based fashion resale app Depop, popular with Gen Z, for $1.6B in an all-cash deal
The acquisition is the latest to underscore the skyrocketing popularity of secondhand fashion platforms amid the pandemic. — Depop, the fashion resale marketplace beloved …
Depop, a social app targeting millenial and Gen Z shoppers, raises $62M Series C led by General Atlantic, bringing its total raised to ~$102M
The rising popularity of omni-channel commerce — selling to customers wherever they happen to be spending time online — has spawned an army …