Etsy Faces Headwinds as Rising Gas Prices Hit Discretionary Spending
Oppenheimer lowers Etsy’s first-half sales estimates due to higher gas prices and plateauing buyers. Shares fall sharply.
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eBay Acquires Depop for $1.2B to Target Gen Z Fashion Shoppers
eBay buys Depop from Etsy for ~$1.2B, boosting its fashion resale with 7M young buyers (90% under 34). Q4 revenue +15% to $3B, shares up 7%.
Etsy Announces New CEO Amidst Sales Challenges and Focus on AI
Etsy has a new CEO, Kruti Patel Goyal. Sales forecasts are muted, stock fell, and the company is focusing on AI to lift growth.
Walmart Partners with ChatGPT: Shop Directly Through AI Chat
Walmart teams up with OpenAI to enable direct shopping through ChatGPT. Buy Walmart and Sam's Club products with a simple "buy" button starting fall 2025.
ChatGPT Now Lets You Shop and Buy Without Leaving the App
OpenAI introduces Instant Checkout in ChatGPT, allowing U.S. users to buy products from Etsy and Shopify directly through the AI chatbot.