Etsy sells Depop to eBay
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By Koyena Das and Neil J Kanatt Feb 19 (Reuters) - Etsy shares jumped about 10% on Thursday, after the online marketplace sold off its Gen Z-focused fashion resale platform Depop to EBay, with investors looking past dour quarterly results and forecasts.
Etsy logged lower profit in the fourth quarter, despite an uptick in revenue.
President Donald Trump's tariffs have forced some e-commerce companies to raise prices and alter their supply chains.
Etsy (ETSY) – a platform that connects artisans with buyers globally – experienced a 6-day decline, with total losses during this timeframe reaching -23%. The company's..
Just know that I look at products all day long, so it has to be something really special to catch my eye. View Entire Post ›
I am excited to be here with you today, 50 days into my role as Etsy, Inc.'s new CEO. This transaction will allow us to focus exclusively on the compelling opportunity we see in front of us to grow the Etsy,