By bizn_fun 
Nearly 90% of Depop’s seven million active buyers are under the age of 34, according to Etsy.
The second-hand fashion platform also has more than three million active sellers.
Depop has become “one of the fastest-growing fashion resale marketplaces in the US”, said Kruti Patel Goyal, chief executive of Etsy.
“I am confident that Depop is well-positioned for its next phase of growth as part of eBay,” she added.
Etsy bought Depop in 2021 as part of a series of acquisitions aimed at competing with rivals like Amazon, the online retail giant.
It has since, however, pulled back from many of those deals. Etsy’s share price rose by 15% in after-hours trading.