Etsy sells second-hand fashion app Depop to eBay for $1.2bn
The "pre-loved" fashion firm has been sold by Etsy just five years after it bought the firm.
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Notable Quotes
"The mass appeal of Vinted has had an impact on Depop's value."
— Catherine Shuttleworth , Executive
"It will help boost eBay's used clothes sales, which is one of eBay's fastest-growing categories."
— Jamie Ianonne , Executive
"I am confident that Depop is well-positioned for its next phase of growth as part of eBay."
— Kruti Patel Goyal , Executive
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The "pre-loved" fashion firm has been sold by Etsy just five years after it bought the firm.
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