SHARE

Ebay acquires Depop from Etsy for $1.2bn to strengthen luxury resale and Gen Z reach

Ebay will acquire Depop, a peer-to-peer fashion resale app, from Etsy for $1.2bn in cash. The move expands eBay’s presence among Gen Z and Millennial shoppers, with Depop’s 7m active buyers skewing under 34.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.