Etsy is buying the fashion resale app Depop for $1.6 billion

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Etsy is buying the fashion resale app Depop for $1.6 billion. – The New York Times

Depop, the fashion resale marketplace beloved by Generation Z, will be acquired by Etsy for $1.6 billion, the two companies announced on Wednesday.

The cash deal, which is expected to close by the third quarter of this year, underscores the growing influence of clothing resale platforms.

Read more & profile of Maria Raga, CEO of Depop.


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