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Market Data Table

Breakfast News: eBay Taps Gen Z With Depop Buy

February 19, 2026

Wednesday's Markets
S&P 500 6,881 (+0.56%)
Nasdaq 22,754 (+0.78%)
Dow 49,663 (+0.26%)
Bitcoin $66,299 (-1.90%)

A bar chart showing eBay's revenue over the past 12 months, beginning at $2.6 billion in the first quarter of 2025, rising by $1 billion per year in quarters two and three, and topping off at $3 billion in the fourth quarter.

1) eBay Jumps as It Acquires Depop

eBay (NASDAQ:EBAY) rose over 5% -- with Etsy (NYSE:ETSY) popping more than 14% -- before the market opened following news that eBay would buy clothing reseller Depop from Etsy for $1.2 billion in cash.

"This acquisition … enables us to reach a younger demographic across the expanding re-commerce landscape": eBay CEO Jamie Iannone announced the deal alongside a strong set of quarterly results, where the business beat its own revenue and merchandise targets. The Dividend Investor recommendation from March 2024 has beaten the S&P 500 by 24% since then, with a 6.9% increase in the quarterly dividend announced.
"Here's hoping Etsy's pain turns into eBay's gain": Fool analyst Buck Hartzell explained how "eBay gets 7 million young buyers and 3 million sellers to add to its collection," but given the unprofitability, "Depop was a failure for Etsy but I have more confidence in eBay leveraging their scale to grow Depop."

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2) DASH, FIG, and DE Rise on Revenue Gains

DoorDash (NASDAQ:DASH) rallied over 13% before the opening bell thanks to results showing integration benefits from Deliveroo, backed by a 38% jump in revenue. The Hidden Gems rec should watch for higher future costs relating to developing delivery robots and drones.
Figma (NYSE:FIG) surged around 15% in pre-market trading, with the Rule Breakers rec reporting earnings with 13,861 paying accounts above $10,000 in annual recurring revenue. CEO Dan Field said, "If you look at software, not only is it not going away. There's going to be way more of it than ever before."
Deere & Co (NYSE:DE) rose almost 5% before the market opened due to a strong order book and shipments being ahead of plan, with guidance for full-year net income raised.

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3) Fed Minutes Reveal Internal Split

Minutes from the January U.S. Federal Reserve meeting showed some central bankers more hawkish than expected, with concern around labor market weakness fading, reducing the odds of large imminent rate cuts.

"Several participants indicated that they would have supported a two-sided description of the Committee's future interest rate decisions": Comments go as far as to indicate that future interest rate hikes are not off the table, especially if inflation stays elevated.
Firm emphasis on wait-and-see mode: Chances of a 0.25% interest rate cut at the March meeting further diminished after the minutes were published, with the CME FedWatch tool indicating just a 6% probability of a decrease next month.

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4) Pre-Market Platform Earnings

Klarna (NYSE:KLAR) reports this morning, with analysts expecting a modest loss of $0.02 per share as the Stock Advisor rec by Team Hidden Gems continues to scale and make progress toward profitability.
Lemonade (NYSE:LMND) surged over 15% before the market opened, as results built on the strong previous quarter, with the customer base rising 23% versus the same period last year and the average dollar value premium per customer increasing by 7%.
Etsy beat revenue estimates last quarter and has missed them only once in the past two years. The Rule Breakers rec should provide more commentary on the Depop sale and plan for the cash proceeds.

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5) Your Take

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