Business
Etsy buys Depop for $2 billion to lure Gen Z shoppers – NEWS.com.au
Etsy buys Depop for $2 billion to lure Gen Z shoppers
Etsy is making a play for younger shoppers, particularly from Gen Z, as it snapped up the second-hand fashion app Depop for $US1.6 billion ($A2 billion).Depop allows people to buy and sell used fashion through its online marketplace and boasts about 30 million registered users across 150 countries, including Australia.
Yet 90 per cent of Depop’s active users are under the age of 26, with the social shopping platform a combination of Ebay and Instagram.
Sellers have profile pages that function as…
-
Noosa News19 hours agoDog daycare program a TikTok hit for helping disabled find work, friends
-
Business18 hours ago3 steps to take to build a $1,000 monthly passive income
-
Noosa News21 hours agoR Tee in the running to be top dog
-
Noosa News19 hours agoAdvocates highlight sexual violence against older people, with Queensland elder abuse inquiry underway