Etsy Shares Rise After Depop Sale

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Etsy shares climbed following the announcement that the company will sell its fashion resale platform Depop to eBay for nearly $1.2 billion.

The move is expected to help Etsy refocus on its core marketplace for handmade and vintage goods as it works toward improving profitability under new leadership.

Despite weaker quarterly performance and softer demand linked to cautious consumer spending, investors responded positively to the divestiture. Analysts noted that Depop had lower profitability compared to Etsy’s main platform, making the sale a strategic step to strengthen margins.

Etsy reported fourth-quarter revenue slightly below expectations, while gross merchandise sales on its primary marketplace declined marginally.

Looking ahead, the company projects modest growth in 2026, supported by marketing initiatives and operational adjustments.

The Depop transaction is expected to close in the second quarter of 2026.

Visa Expands in Argentina with Prisma Deal

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Visa has announced plans to acquire payment platforms Prisma and Newpay from private equity firm Advent International, strengthening its presence in Argentina’s financial technology sector.

The acquisition will integrate Visa’s global network with established local infrastructure, supporting broader adoption of digital payment solutions across the country.

Visa indicated that the move would accelerate the rollout of technologies such as tokenization, biometric verification and advanced risk management tools for both consumers and businesses.

Prisma is one of Argentina’s largest card issuing platforms, processing billions of transactions annually for major banks. Newpay complements this ecosystem by providing payment infrastructure, ATM services and electronic bill payment systems.

The transaction is expected to be completed in early 2026, though financial terms have not been disclosed.

The development reflects ongoing efforts to modernize payment systems and expand digital finance capabilities in Argentina.

Russia Intensifies Pressure on Telegram

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Russia has escalated its stance toward messaging platform Telegram, with security officials accusing founder Pavel Durov of tolerating criminal activity on the service.

The country’s communications regulator has recently imposed restrictions on Telegram, citing concerns over its handling of extremist content. Authorities have also introduced technical measures aimed at slowing the platform’s functionality.

In response, Telegram has rejected the accusations, arguing that the actions are intended to weaken its presence in favor of a new state-backed messaging application.

Additional claims from government officials suggested vulnerabilities in Telegram’s encryption, which the company has firmly denied.

Despite mounting pressure, Telegram remains widely used in Russia for both personal communication and information sharing, including by public institutions.

The situation reflects broader tensions over digital governance and the role of independent platforms in national communication systems.