eBay to lay off 800 staff
The latest round of layoffs marks eBay’s third workforce reduction in the past three years.
Etsy sells secondhand clothing marketplace Depop to eBay for $1.2B
The deal comes nearly five years after Etsy purchased Depop for $1.62 billion, at a time when secondhand clothing apps were gaining traction during the pandemic.
eBay to acquire social marketplace platform Tise
eBay’s acquisition of Tise indicates that it’s looking to modernize its platform to attract younger shoppers, expand its social commerce tools, and build a stronger presence in the sustainable retail market.
eBay and Etsy are relatively confident despite tariff pressures
Like virtually every sector in the business world, the secondhand industry is grappling with the ramifications of President Donald Trump’s tariffs. However, based on the comments made by eBay and Etsy earlier this week, both don’t app…