Etsy is buying fashion market Depop for $1.6 billion

Handcrafted marketplace leader Etsy is buying online secondhand clothing retailer Depop for $1.6 billion in a bid to capture tire the Gen-Z market.

Etsy buying DepopEtsy buying Depop

Etsy is a platform for artists to sell their designs, and the purchase of Depop will add clothing to their app. Depop is an app marketplace for people seeking to buy or trade secondhand clothing.

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