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

Propelled by Reddit traders, AMC has landed on the moon and discovered it’s made of movie theater nacho cheese. Following a remarkable 1,100% gain in share price this year, the chain raised more than $230 million to acquire other theaters, such as the former Arclight Cinemas and Pacific Theatres.

Link: https://www.morningbrew.com/daily/stories/2021/06/01/amc-raises-millions-acquire-theaters

Apple’s hold on the smartwatch market is as secure as ever, but a new Google-Samsung partnership wants to change that. Market update: Global smartwatch shipments overall climbed 35% year over year in Q1 2021, per a new report from Counterpoint Research.

Link: https://www.morningbrew.com/emerging-tech/stories/2021/06/02/apple-remains-smartwatch-leader-google-samsung-partner