PYMNTS-MonitorEdge-May-2024

Omicron Variant Threatens Recovery, Twitter’s Social Commerce Opportunity, Luxury Meets Resale

Twitter Shopping

Luxury brands are getting more involved with the resale market. Plus, the omicron variant of the COVID-19 pandemic could put another crimp in the economic recovery around the world, and the new Twitter CEO can enhance the platform’s social commerce presence in a major way.

Data:

211M: Number of Twitter’s daily active users through Q3 of 2021.

300M: Twitter’s monthly user count through 2019.

$3T: Total value of counterfeits in the retail sector.

6.2%: U.S. inflation rate as of October 2021.

2.5B: Facebook’s monthly users through 2019 (almost 2.9B through 2021 Q2).

PYMNTS-MonitorEdge-May-2024