Quartz·1 min read·medium
eBay raised its outlook after beating estimates, but its Depop bet cost more than expected
✦AI Summary
eBay raised its financial outlook after exceeding earnings expectations for the quarter. However, the company's acquisition of Depop cost $1.4 billion, which was $200 million higher than initially projected.
The company's acquisition of Depop from Etsy closed at $1.4 billion — $200 million above the originally announced price
businesseconomy
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