EBay Reports Strong Results, Says It Paid $200 Million More for Depop
Macro·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
EBay Inc. reported a solid second quarter but said its purchase price for second-hand clothing marketplace Depop was $200 million more than initially announced, which could weigh on earnings in the current period.
The increased acquisition cost may impact EBay's financial performance moving forward, as the company navigates the implications of this higher expenditure.
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Sources
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SourceReports the news
“EBay Inc. reported a solid second quarter but said its purchase price for second-hand clothing marketplace Depop was $200 million more than initially announced, which could weigh on earnings in the current period.”
Bloomberg — EBay Reports Strong Results, Says It Paid More to Acquire Depop