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Etsy

All articles tagged with #etsy

business8 days ago•8 min saved

eBay buys Depop from Etsy to boost its youth-focused resale push

eBay will acquire Depop from Etsy for about $1.2 billion in cash, adding the Gen Z–focused, C2C fashion marketplace to its ecosystem. Depop reported roughly $1 billion in GMV in 2025, about 7 million active buyers (nearly 90% under 34) and over 3 million active sellers, and is expected to keep its brand after closing in Q2 2026, subject to regulatory approvals. Etsy will focus on its core marketplace, while eBay leverages its scale, cross-listing, shipping services and Authenticity Guarantee to accelerate Depop’s growth and expand fashion resale globally. The deal signals a key move in eBay’s C2C strategy to capture younger, fashion-forward buyers.

via PR Newswire|

#acquisition #business #depop

business9 days ago•1 min saved

eBay secures Depop buy to win over younger shoppers

eBay agreed to acquire Depop from Etsy for about $1.2 billion in cash, aiming to tap a young, active user base (Depop reports 7 million buyers with roughly 90% under 34) and boost its presence in the growing secondhand fashion market. Depop will retain its brand and platform, and the deal is expected to close in Q2. Etsy had previously bought Depop for $1.6 billion in 2021 and plans to use the proceeds for general corporate purposes.

via The Guardian|

#acquisition #business #depop

business9 days ago•2 min saved

Etsy sells Depop to eBay to refocus on its core marketplace

Etsy is selling Depop to eBay for $1.2 billion as it pivots back to its core marketplace; Depop, popular with Gen Z (about 90% of its 7 million active buyers are under 34), posted $1 billion in gross merchandise value in 2025. Etsy bought Depop in 2021 for $1.6 billion and has since divested other assets, as its growth slowed (2024 revenue up 2.2% YoY). Proceeds will support share buybacks while Etsy focuses on expanding the Etsy marketplace; the deal is expected to close in Q2 2026, and eBay hopes Depop will help attract younger buyers.

via The New York Times|

#business #depop #ebay

business9 days ago•7 min saved

eBay expands fashion resale with $1.2B Depop deal from Etsy

eBay will acquire Depop from Etsy for about $1.2 billion in cash, adding a leading Gen Z/Millennial-friendly C2C fashion marketplace to expand its resale and recommerce offerings. Etsy will focus on its core marketplace, Depop will keep its brand post-closing, and the transaction is expected to close in Q2 2026 pending regulatory approvals. The deal leverages eBay’s scale and services to accelerate Depop’s growth.

via Etsy|

#acquisition #business #depop

business9 days ago•2 min saved

eBay to buy Depop from Etsy for $1.2B, sparking a stock surge

eBay will acquire Depop from Etsy for about $1.2 billion in cash, enabling Etsy to focus on its core marketplace; Depop remains popular with younger users, especially under 34. The deal is expected to close in Q2, and Etsy stock rose about 14% after hours on the news, while eBay gained on its own earnings report. Etsy had bought Depop for roughly $1.62 billion five years ago as part of a broader “house of brands” strategy, a path it appears to be unwinding as it faces growth and macro headwinds and competition from larger marketplaces.

via CNBC|

#acquisition #business #depop

business5 months ago•0 min saved

OpenAI's ChatGPT Commerce Revolution Sparks Market Debate

BTIG reports that the deal with OpenAI positions Etsy at the forefront of agentic commerce, highlighting a significant advancement in the integration of AI technology into e-commerce platforms.

via CNBC|

#agentic-commerce #btig #business

business5 months ago•1 min saved

OpenAI's ChatGPT revolutionizes online shopping with new commerce features

OpenAI's ChatGPT now allows users to purchase goods directly from Etsy and Shopify through the chatbot, aiming to generate new revenue streams in online shopping by integrating payment systems like Stripe for seamless transactions, while maintaining unbiased product rankings.

via AP News|

#business #chatgpt #etsy

business7 months ago•2 min saved

JPMredicts Apple’s Foldable iPhone Launch Next Year

Etsy's focus on improving its app has led to increased sales, with app-based gross merchandise sales surpassing non-app sales, and the company is leveraging AI for better product curation, all amid a slightly healthier consumer spending environment.

via PYMNTS.com|

#ai-curation #app-sales #business

entertainment7 months ago•2 min saved

Coldplay Kiss Cam Scandal Leads to CEO Resignation and Viral Theories

Following Andy Byron's kiss cam scandal at a Coldplay concert, humorous T-shirts mocking the incident are being sold online, highlighting the viral moment where Byron was caught cuddling with Kristin Cabot on camera, leading to Byron's resignation from Astronomer.

via Hindustan Times|

#andy-byron #coldplay-concert #entertainment

finance2 years ago•1 min saved

Stock Market Update: Nvidia and Royal Caribbean Soar, Rivian and Etsy Tumble on Thursday, 2/22/2024

Nvidia and Royal Caribbean stocks rose after reporting strong financial results and raising profit forecasts, while Rivian and Etsy stocks fell due to disappointing production and earnings reports. Other companies such as Synopsys, Dutch Bros, Kaiser Aluminum, and Moderna also experienced notable stock price changes based on their financial performance.

via ABC News|

#etsy #finance #nvidia

finance2 years ago•0 min saved

"Pre-market Surges and Plunges: Nvidia, Moderna, Rivian, and More"

Before the bell, stocks such as Nvidia, Moderna, Rivian, and Etsy are making significant moves.

via CNBC|

#etsy #finance #moderna

finance2 years ago

"Late-hour Market Movers: NVDA Surges, ETSY, RIVN React"

After hours, Nvidia, Etsy, Rivian, and Lucid Group are among the stocks making significant moves, with Nvidia's shares rising after the company reported better-than-expected earnings and revenue, while Etsy's stock fell despite beating earnings estimates. Rivian and Lucid Group also experienced fluctuations in their stock prices following their respective earnings reports.

via CNBC|

#etsy #finance #lucid-group

finance2 years ago•5 min saved

"5 Explosive Growth Stocks Poised for 10X Surge in 2024"

Fiverr and Etsy are two growth stocks with potential in 2024 and beyond. Fiverr is leveraging generative AI to expand its platform, incorporating AI into its services and tools, and turning a profit with increasing buyer spending. Etsy, with a focus on vintage, specialty, and handmade goods, has a narrow but lucrative market niche, and is showing steady user growth and financial progress. Both companies present opportunities for long-term investors despite recent challenges.

via The Motley Fool|

#ai #e-commerce #etsy

business2 years ago•2 min saved

"Elliott's 13% Stake Sends Etsy Stock Soaring"

Elliott Management, known for aggressive governance tactics, has acquired a 13% stake in Etsy and secured a board seat, aiming to drive value creation and cost-cutting initiatives. Etsy has been facing challenges from low-cost competitors, counterfeit products, and declining sales post-pandemic, prompting the need for strategic changes. The promise of steep cost-cutting from Elliott drove Etsy's stock up 10%.

via TechCrunch|

#activist-investors #business #e-commerce

business2 years ago•2 min saved

"Elliott Secures Board Seat and 13% Stake in Etsy"

Activist investor Elliott Management has acquired a roughly 13% stake in e-commerce company Etsy and secured a board seat for partner Marc Steinberg. The news caused Etsy's shares to surge more than 10%. Elliott, known for its successful track record and managing about $59 billion in assets, has been engaging with Etsy for months. The company has struggled recently, laying off 11% of its staff and facing growing competition from Chinese retailers.

via CNBC|

#activist-investor #board-seat #business