EBay forecasts upbeat revenue, buys Depop to boost fashion presence

By Juby Babu Feb 18 (Reuters) - EBay Inc forecast first-quarter revenue above Wall Street estimates on Wednesday and announced the ‌acquisition of fashion marketplace Depop from Etsy for nearly $1.2 ‌billion, sending its shares up more than 7% in extended trading. The company has ​worked to differentiate itself by leaning into "recommerce" and its role in the circular economy, emphasizing pre-owned, refurbished and authenticated goods, amid a challenging market. EBay expects first-quarter revenue in t ...