eBay Buys Depop for $1.2 Billion as Sales Outlook Beats Targets
Key Points: eBay will acquire fashion app Depop from Etsy for $1.2 billion. The company forecasts first-quarter revenue between $3 billion and $3.05 billion. Shares jumped 7% in extended trading following the announcement. eBay continues to focus on "recommerce" and luxury goods to compete. eBay delivered a double dose of good news to investors on Wednesday. The e-commerce veteran predicted stronger-than-expected sales for the start...