Etsy is selling Reverb to two investment firms, Creator Partners and Servco. After separating from Etsy, the Reverb music-gear marketplace will no longer be part of a public company. Etsy had acquired Reverb in 2019. In its filing with the Read more
Following a new marketplace trend, Etsy’s Depop platform is eliminating selling fees and shifting them to buyers, who will pay up to 5% of the item purchase price plus a fixed amount of up to $1. (It does not affect Read more
It will cost more to sell on Etsy’s Depop fashion resale marketplace in January when it raises payment-processing fees. Depop blamed it on credit card companies increasing the fees they charge Depop to process transactions. Beginning January 5, 2023, the Read more
Etsy shifted some top executives around over the summer, and its new Chief Product Officer Nick Daniel introduced himself to Etsy customers in a blog post on Wednesday. Nick Daniel took on the new chief product officer role in July Read more
One year after acquiring online marketplace Depop, Etsy is putting one of its own in charge. Kruti Patel Goyal, currently Etsy’s Chief Product Officer, will become CEO of the global fashion resale marketplace (based in London), effective September 12th. Depop’s Read more
Etsy will acquire Depop for $1.625 billion in a primarily cash deal. Etsy described the company in its press release as a “privately-held, community-led, and purpose-driven marketplace for unique fashion” that was founded in 2011. Depop boasted 4 million active Read more
