eBay Buys Depop for $1.2 Billion – And Cuts 800 Jobs in the Same Breath
A Bet on the Future of Resale – Amid Layoffs and Restructuring In a significant move in the global resale market, eBay has agreed to acquire Depop from Etsy in a deal valued at approximately $1.2 billion. The acquisition signals eBay’s renewed push to dominate recommerce – the fast-growing sector focused on secondhand goods –…