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Etsy Inc. said on Wednesday it would buy Generation-Z focused fashion resale company Depop for $1.63 billion, seeking to attract younger shoppers and bolster its position in a booming market in vintage or used clothing.
As the global fashion resale market expected to hit $51 billion in 2023, the acquisition simply bigger shift in purchasing behavior for young consumers.
US sets and suspends tariffs over digital services tax More trade news. The US has announced - and immediately suspended - tariffs on certain goods from UK, Italy, Spain, Austria, India and Turkey over their digital services tax. The tariffs are being imposed after the US concluded that these digital taxes discriminated against US tech companies, were inconsistent with principles of international taxation, and burdened U.S. companies. These digital services taxes, on the revenues of technology giants, are designed to make firms such as Google and Facebook pay a fairer share of tax where they...
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US-based online sales app pays £1bn for marketplace with 30m users, 90% of whom are under 26