"eBay has agreed to acquire London-based fashion resale platform Depop from Etsy for approximately $1.2bn (£890m) in cash, as it seeks to strengthen its appeal among younger, fashion-focused shoppers. The move comes amid sustained growth in secondhand marketplaces, particularly among gen Z, driven by tighter household budgets and rising interest in sustainable fashion. Under the new agreement, Depop will retain its brand, platform and culture."
"Amazon has overtaken Walmart in annual revenue for the first time, signalling a notable shift in the hierarchy of global retail. Amazon reported USD$716.9bn (£530.5bn) in revenue for 2025, surpassing Walmart's USD$713.2bn (£527.8bn). For more than a decade, Walmart had led the Fortune 500 ranking of America's largest companies by revenue, a position it retained as recently as the 2024 fiscal year."
eBay has agreed to acquire London-based fashion resale platform Depop from Etsy for approximately $1.2bn (£890m) in cash to strengthen appeal among younger, fashion-focused shoppers. Depop will retain its brand, platform and culture. Etsy said the divestment would allow the company to refocus investment on its core marketplace. Amazon reported USD$716.9bn (£530.5bn) in revenue for 2025, surpassing Walmart's USD$713.2bn (£527.8bn), driven by higher-margin businesses such as cloud computing, advertising and third-party seller services. Seller services made up about a quarter of revenue and AWS close to a fifth, while advertising generated over USD$68bn. Scopely has struck a deal to acquire Turkish studio Loom Games, creator of the puzzle app Pixel Flow, in a transaction that could reach USD$1bn (£740m).
#ebay-depop-acquisition #fashion-resale #amazon-revenue-milestone #cloud-and-advertising #gaming-acquisition
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