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GameStop CEO Ryan Cohen is attempting a hostile takeover of eBay, now owning nearly 10% of the company. His plan involves drastic cost-cutting, layoffs, and a vision to challenge Amazon in physical goods reselling, potentially including an "in-game visual marketplace." This move signals GameStop's further shift away from its gaming roots.
Etsy has sold its secondhand clothing marketplace, Depop, to eBay for $1.2 billion. This deal comes nearly five years after Etsy acquired Depop for $1.62 billion, at a time when secondhand clothing apps were gaining significant traction during the pandemic, marking a new chapter for the popular fashion platform.
