In a move aimed at attracting younger shoppers, eBay has announced the acquisition of Depop, a popular secondhand fashion marketplace favored by Gen Z, from Etsy for $1.2 billion in cash. The acquisition comes as Etsy refocuses on its core business, leading to a 14% surge in its stock value following the announcement. This strategic purchase by eBay aims to enhance its fashion presence and expand its appeal to a younger consumer demographic.