Etsy is expanding beyond handmade “Live Laugh Love” bathroom signs with its acquisition of thrifting app Depop for $1.6 billion. For Etsy, whose median seller is about 39, it’s a strategic move meant to court Depop’s overwhelmingly Gen Z user base: More than 90% of its users are under 26.
Link: https://www.morningbrew.com/daily/stories/2021/06/02/etsy-announces-plans-acquire-depop
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