Etsy stock pops 18% on sale of Depop to eBay for $1.2 billion

2026-02-19 07:14:20

Etsy’s stock surged over 17% after announcing the sale of its secondhand clothing marketplace, Depop, to eBay for approximately $1.2 billion in cash. Etsy had originally acquired Depop for about $1.62 billion five years prior, aiming to tap into younger consumers. This divestiture allows Etsy to refocus on its core marketplace growth.

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