Etsy stock pops 17% on sale of Depop to eBay for $1.2 billion

In this articleEtsy shares skyrocketed more than 17% on Wednesday after the company announced eBay would acquire its secondhand clothing reseller Depop for about $1.2 billion in cash.The deal comes almost five years after Etsy bought Depop for roughly $1.62 billion, giving the online marketplace an edge into younger consumers who flocked to the U.K.-founded app to hawk their used clothing, shoes, accessories and other goods. About 90% of Depop's users are under the age of 34, Etsy said."We are excited that this transaction allows us to focus exclusively on the compelling opportunity we see in front of us: to grow the Etsy marketplace in ways that matter most to our buyers and sellers," Etsy CEO Kruti Patel Goyal said in a statement. In recent years, Etsy snapped up several niche online marketplaces as part of a "house of brands" strategy to compete with bigger, faster growing rivals like Amazon. This is breaking news. Please refresh for updates.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.

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