US Stocks: Etsy Shares Surge 10% After Depop Selloff; demand pressure weighs on the results

Shares of Etsy rose about 10% on Thursday after the online marketplace sold its Gen Z-targeted fashion resale platform Depop to EBay, with investors looking past bleak quarterly results and forecasts.The nearly $1.2 billion deal, announced after markets closed Wednesday, is expected to help Etsy double its position in the handmade and vintage goods market […]