EBay buys Depop for $1.2bn in bid to capture younger shoppers

2026-02-19 - 02:53

Depop, which is owned by Etsy, has 7 million active buyers on its marketplace, nearly 90% of whom are under the age of 34 Online seller eBay has agreed to purchase secondhand fashion marketplace Depop from Etsy for about $1.2bn in cash, the companies announced on Wednesday, with eBay hoping the acquisition will help it capture a younger demographic. The deal comes at a time when used clothing has become increasingly popular, sought out by Gen Z shoppers searching for unique items that cost less than new ones, and who want to keep older items from heading to landfill. Continue reading...