eBay Inc. (EBAY) has acquired the sneaker authentication business operated by Sneaker Con Digital. Through this acquisition, eBay aims to expand its sneaker verification process and enhance online customers' confidence. The financial terms of the deal, which was closed on November 24, remain undisclosed. Shares of the multinational e-commerce platform closed down 2.7% at $70.55 on November 29. Sneaker Authentication eBay is one of the largest online marketplaces for buyers and sellers. The company has a huge sneaker section, with more than 1.9 million pairs of sneakers up for sale daily. The acquisition brings more confidence to the sneaker community and accelerates the growth of eBay’s sought-after sneaker segment.
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