Depop is in strong financial standing and is projected for continuous growth for the next ten years. The app gained popularity during COVID-19, when online shopping trended because of the convenience and accessibility. Since then, Depop has maintained steady growth because of the popularity of shopping for vintage and 2000s fashion among Gen Z. In 2020, Depop doubled in revenues from 2019. Further, revenues from 2021 and 2022 increased in amount compared to 2019. Depop is looking to expand by having a second headquarters in Los Angeles and hiring a surge of new employees due to the great success the company has had in recent years.
