Etsy Sells Depop to eBay for $1.2 Billion
Etsy sold Depop to eBay for $1.2 billion. Depop is a British secondhand fashion resale app.
Etsy bought Depop five years ago. Now Etsy sold it to eBay. eBay wants to reach younger fashion-loving shoppers. Secondhand marketplaces are growing fast among generation Z shoppers.
Klear Note — Depop is an app where people buy and sell used clothes. Gen Z shoppers prefer buying secondhand fashion for cost and environmental reasons.
Key Terms 2
- generation Z People born between 1997 and 2012, now teenagers and young adults
- secondhand Used items that have been owned by someone else before