Etsy sells secondhand clothing marketplace Depop to eBay for $1.2B Etsy is selling Depop, a secondhand clothing app popular with Gen Z and millennials, to eBay for $1.2 billion in cash, the company announced on Wednesday. Etsy says the deal will allow it to focus on its own marketplace. The deal comes nearly five years after Etsy acquired Depop for $1.62 billion, at a time when secondhand...

Using AI at Work May Actually Make Your Days Longer and More Unpleasant, Study FindsEvery company seems determined to integrate AI, but the gains might not have a long shelf life. After an "initial productivity surge," employees who used AI reported more intense workdays and less work-life balance, and they produced lower-quality work overall, according to an ongoing study first published this...

US Attorney General Pam Bondi formally summoned to Congress in Epstein caseGetty ImagesA US congressional committee has formally summoned Attorney General Pam Bondi, demanding that she answer questions over her handling of the investigation into convicted sex offender Jeffrey Epstein.The Republican chairman of the House Oversight Committee, James Comer, wrote in the subpoena letter that his...

Gumloop lands $50M from Benchmark to turn every employee into an AI agent builder When Max Brodeur-Urbas co-founded Gumloop in mid-2023, his vision was to help non-technical employees automate repetitive tasks using AI. At that time, the concept of AI agents was still largely experimental and prone to errors. As AI technology has matured, so has Gumloop’s offering. The company claims...

IPO Market Gained Strength in 2025 In 2025, the initial public offering (IPO) market continued to rebound from the 2022 and 2023 slump. For the second year in a row, markets saw more IPOs, more special purpose acquisition companies (SPACs), and more capital raised at IPO. Looking at the data, we see IPOs really gained...