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

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).