14 place 2

369 EBay’s Secondhand Depop Buy

The Information
Valida Pau @ The Information · 02/19/2026 18:00 EDT

EBay struck a bargain this week with its agreement to purchase Depop, the popular secondhand clothing resale app, for $1.2 billion in cash. That’s less than the $1.63 billion Etsy paid for Depop five years ago. There’s a reason eBay got a good deal. Even while Depop increased its total sales last year by roughly 25% to $1 billion, Etsy had been spending heavily on marketing the U.K.-founded garment reseller to U.S. shoppers. This spending weighed on Etsy’s adjusted margins on earnings before interest, taxes

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