Etsy Inc. (NASDAQ: ETSY) spent $1.625 billion for the British platform in June. Naturally, investors will wonder if Etsy is making a brilliant move or if the craft site is desperately seeking new markets.

Depop is a British platform that sells used clothing and accessories under the guise of fashion. To me, Depop looks like a car boot sale or a jumble (British slang for a garage sale) for Generation Z. IE a place for broke club kids to sell their old stuff for cash.

Recode’s Rebecca Heilweil speculates Etsy’s management is trying to market to Generation Z (people under…

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.

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