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“Online retailer eBay buying Gen Z secondhand marketplace Depop from Etsy for $1.2B in cash” Online seller eBay wants a bigger share of the Gen Z market. The online seller has agreed to purchase secondhand fashion marketplace Depop from Etsy for about $1.2 billion in cash, the companies said Wednesday. The deal comes at a…
Etsy is selling Depop, a secondhand clothing app popular with Gen Z and millennials, to eBay for $1.2 billion in cash, the company announced on Wednesday. Etsy says the deal will allow it to focus on its own marketplace. The deal comes nearly five years after Etsy acquired Depop for $1.62 billion, at a time…
Online marketplace Etsy said on Wednesday that its long-time CEO, Josh Silverman, would step down by the end of the year. Kruti Patel Goyal, Etsy’s president and chief growth officer, will become the company’s next CEO. Silverman, who headed the marketplace for eight years, will become its executive chairman. Goyal worked at Etsy for more…
The Florida GOP isn’t the only one profiting from the detention center known as “Alligator Alcatraz” by selling merchandise. A subset of Etsy buyers and sellers began a boycott of the online marketplace this month over its decision to allow “Alligator Alcatraz”-branded merchandise on its site. Today, this sort of merchandise — including T-shirts, hats,…
Like virtually every sector in the business world, the secondhand industry is grappling with the ramifications of President Donald Trump’s tariffs. However, based on the comments made by eBay and Etsy earlier this week, both don’t appear to be overly concerned. The companies recently reported Q1 2025 earnings results, both addressing the pressing topic of…
“#New-age Cuomo daughter has booming online spirituality biz” Who does she think she is, Gwyneth Paltrow? The youngest daughter of former Gov. Andrew Cuomo and Kerry Kennedy has a booming online business hawking aura cleansing, vulva paintings and crystal trinkets. Michaela Kennedy-Cuomo, 24, has sold at least $11,000 in merch such as “candle magic” kits…
“#Etsy craft-sellers say they’re unfairly elbowed off site” Competition is getting fiercer on Etsy — and some sellers of handcrafted knickknacks, jewelry and home furnishings are accusing their rivals of dirty tactics. Over the past month, Elyza Davis has racked up 43,000 “likes” for a viral TikTok post in which she claimed a competitor had…
“#Etsy buying Gen Z-oriented clothing app Depop for $1.63B” Etsy is making an outsize bet on Gen Z’s vintage clothing craze. The Brooklyn-based arts-and-crafts site said Wednesday it is buying the social shopping app Depop — which has a reputation for selling TikTok-worthy vintage clothing — for $1.63 billion in cash. London-based Depop, founded in…
“#Etsy stock surges after Elon Musk says he ‘kinda’ loves it” Etsy’s stock price soared early Tuesday after Elon Musk said he was a fan of the online craft marketplace. Shares in the Brooklyn-based company spiked within minutes of the billionaire Tesla chief’s early-morning Twitter post touting its quirky homemade goods. “I kinda love Etsy,”…