Etsy is buying Gen Z-focused resale site Depop for $1.6 billion
Etsy is buying Gen Z-focused resale site Depop for $1.6 billion Etsy CEO Josh Silverman talks with CNN's Julia Chatterley about expanding into the clothing resale space by acquiring Gen Z-focused Depop. Posted: Jun 4, 2021 3:30 AM Updated: Jun 4, 2021 3:30 AM Posted By: By Parija Kavilanz, CNN Business Online marketplace Etsy announced Wednesday it is expanding into the booming clothing resale space by acquiring Gen Z-focused reseller Depop for $1.63 billion. U.K.-based Depop, which launched in 2011, is an ecommerce marketplace for buying and selling vintage and streetwear fashion. About 90...
Source: kdrv.com
