eBay has finalized its acquisition of Depop, a popular fashion resale marketplace favored by Gen Z and Millennials. This move strengthens eBay's position in the $10 billion annual fashion category by combining Depop's vibrant community and affordable fashion inventory with eBay's global scale and technology. Depop will continue to operate independently, preserving its unique brand and user experience, while benefiting from eBay's resources to accelerate growth and promote circular fashion. The acquisition aims to expand eBay's reach among younger consumers and enhance the overall buyer and seller experience in consumer-to-consumer commerce.
GameStop disclosed a $4.9 billion stake in eBay and holds 59 million warrants expiring October 30, 2026, with a $32 exercise price. The warrants are currently underwater as GameStop trades around $22.76, making the acquisition funding uncertain unles...
Jefferies downgraded eBay to 'Underperform' and lowered its price target to $75 from $80 due to expected earnings pressure and slowing advertising revenue growth. The broker cut its 2027 and 2028 EBITDA estimates below consensus, highlighting a trend...
eBay CEO Jamie Iannone has sold company shares worth $2.3 million. This sale comes as eBay's stock has delivered a 12% return over the past year. The move may reflect personal financial planning or confidence in the company's current valuation. Inves...
