eBay to acquire Depop from Etsy for $1.2 billion as it chases Gen Z resale growth

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eBay is buying Depop from Etsy for $1.2 billion in cash, a move that deepens its push into Gen Z driven resale fashion. With 7 million active buyers and nearly $1 billion in 2025 gross merchandise sales, Depop gives eBay a stronger foothold in the fast growing recommerce market.