Etsy will sell Depop to eBay for about $1.2 billion, reversing its 2021 acquisition and refocusing on the Etsy marketplace.
President Donald Trump's tariffs have forced some e-commerce companies to raise prices and alter their supply chains.
With the Depop acquisition, eBay aims to boost its fashion business, attract younger demographics, and capitalize on the booming recommerce market.
Etsy shares popped 9% on Thursday after the company said it plans to offload its fashion resale app Depop to eBay for about ...
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