Etsy Just Sold Depop to eBay for $1.2 Billion, and the Biggest Acquisition Unwinding in E-Commerce Is a Masterclass in Knowing When to Cut Your Losses
Etsy announced the sale of its secondhand clothing marketplace Depop to eBay for $1.2 billion in cash, reversing a 2021 acquisition that had become a 350-basis-point drag on profitability and refocusing on its core handmade goods platform.
