Ebay buys Depop for $1.2bn in bid to capture younger shoppers
Depop, which is owned by Etsy, has 7 million active buyers on its marketplace, nearly 90% of whom are under the age of 34 The online seller eBay has agreed to purchase the secondhand fashion marketplace Depop from Etsy for about $1.2bn in cash, the companies announced on Wednesday, with eBay hoping the acquisition will …
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