At the beginning of June, Etsy (NASDAQ:ETSY) announced it was acquiring Depop, an online fashion reseller for $1.6 billion. Investors may be wondering what to make of this move and how this new brand fits in to the overall strategy of this marketplace for artisans to sell their goods. On a Fool Live episode recorded on July 14, Fool contributors Brian Feroldi and Brian Withers discuss the details of the purchase and why shareholders should love this move.
Brian Withers: Moving on to Etsy, E-T-S-Y, another company that spelled just like the stock. In June, Etsy announced