Etsy Shares Skyrocket After Selling Depop Fashion Platform to eBay
Etsy shares jumped on Thursday after selling Depop to eBay for $1.2 billion. The deal helps the company focus on its core business and long-term growth.
Insights:
Etsy, Inc. announced the sale of its Gen Z-focused fashion resale platform Depop to eBay Inc. for nearly $1.2 billion, a move that drove an about 18% premarket jump in Etsy shares. The announcement, made immediately after markets closed on February 19, 2026, is framed as a strategic refocus on the company's core marketplace under its new CEO. The transaction is expected to close in Q2 2026.
