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

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.