The downsizing follows a week of business updates for eBay. On the same day it shared its latest financial results, the company announced that it would acquire Depop, a consumer-to-consumer secondhand fashion retailer, from Etsy. The Depop purchase carried a $1.2 billion price tag, which could put at least a small dent in the $11.1 billion it reported in 2025 full-year revenue.
Regulatory authorities worldwide, including the European Commission, the U.S. Department of Justice, and competition authorities in multiple jurisdictions, have increasingly scrutinized dominant platforms’ ability to preference their own services and restrict competition, demanding more openness and interoperability. We additionally note growing concerns around regulatory intervention increasing mass surveillance, impeding software freedom, open internet and device neutrality.
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