Etsy is buying social shopping app Depop for $1.6 billion, hoping to woo Gen Z shoppers
By Vivian in Technology
Updated 3 years ago
Etsy is acquiring Depop for $1.625 billion. Depop, which launched in 2011, is a social shopping app that has been described as a mix of eBay and Instagram. It is targeted at Gen Z shoppers. See more stories on Insider's business page. The online marketplace Etsy is spending $1.6 billion...
