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eBay Acquires Depop from Etsy for $1.2 Billion, Targeting Gen Z Shoppers

Etsy, facing slower growth in recent years, is selling Depop to eBay for $1.2 billion after originally purchasing it for $1.6 billion. The move reflects Etsy’s strategy to cut losses while eBay aims to strengthen its appeal among Gen Z consumers.

Silicon Republic
Silicon Republic