Etsy stock pops 18% on sale of Depop to eBay for $1.2 billion

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The Etsy Inc. headquarters in the Brooklyn borough of New York on June 25, 2024.

Victor J. Blue | Bloomberg | Getty Images

Etsy shares skyrocketed more than 16% on Wednesday after the company announced eBay would acquire its secondhand clothing marketplace Depop for about $1.2 billion in cash.

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