Etsy stock pops 17% on sale of Depop to eBay for $1.2 billion

Core Viewpoint - Etsy shares surged over 17% following the announcement of eBay's acquisition of Depop for approximately $1.2 billion in cash, marking a significant financial event for the company [1]. Group 1: Company Actions - eBay is set to acquire Depop, a secondhand clothing reseller, for about $1.2 billion in cash [1]. - This acquisition comes nearly five years after Etsy purchased Depop for around $1.62 billion, indicating a strategic shift in the marketplace [1]. Group 2: Market Impact - The announcement led to a notable increase in Etsy's stock price, with shares rising more than 17% [1]. - The acquisition is expected to enhance eBay's presence among younger consumers who are attracted to the secondhand market [1].