Numlock News: June 4, 2021 • Bobtail Squid, …

By Walt Hickey Have a wonderful weekend! Depop Etsy, the online crafting store for handmade items, will buy secondhand shop Depop for $1.625 billion. Part digital thrift shop, part place to unload new clothes to make room for newer, trendier ones, Depop is particularly popular among the younger consumers Etsy’s had trouble bringing in the door, with about 90 percent of Depop users under the age of 26, and the platform is believed to be the 10th most visited site among Gen Z consumers. Depop had 4 million active buyers, 2 million active sellers and $70 million in revenue in 2020.

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