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The Independent UK

National

Anne d'Innocenzio

eBay buys secondhand fashion app from Etsy in bid to crack Gen Z market

eBay Depop Etsy Los Angeles

Consumers have increased their use of second-hand shopping apps (Depop/PA) -

Online retail giant eBay is set to acquire popular secondhand fashion platform Depop in a strategic move to capture a larger share of the Gen Z market.

The deal, announced on Wednesday, will see eBay purchase Depop from Etsy for approximately $1.2 billion in cash.

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