Etsy says it is buying the fashion resale app Depop, popular with Gen Z, for $1.6B in an all-cash deal (Elizabeth Paton/New York Times)

https://ift.tt/2ReZxid

Elizabeth Paton / New York Times:
Etsy says it is buying the fashion resale app Depop, popular with Gen Z, for $1.6B in an all-cash deal  —  The acquisition is the latest to underscore the skyrocketing popularity of secondhand fashion platforms amid the pandemic.  —  Depop, the fashion resale marketplace beloved by Generation Z …

from Techmeme https://ift.tt/3yPTt0B