
Social media boosts luxury goods counterfeit economy
A new study, Social Media and Luxury Goods Counterfeit, reveals that around a fifth of all items tagged as luxury goods on Instagram are actually fakes. The trend illustrates how the social media platform is contributing to the explosion of the internet’s counterfeit economy, which uses a system of online tools to ship illegal goods around the globe.
Social media – specifically Instagram – represents an important link in the complex chain of the counterfeit economy, which takes a $US29 billion bite out of the luxury goods sector each year, according to the study.
Related Posts
Pune: Police bust fake branded clothes racket, seize goods worth Rs 6.98 lakh
It has come to light that fake Calvin Klein clothes are being sold in the market....
Customs seize ₹6.46 crore in smuggled valuables; 8 arrested
The Customs department at Mumbai airport found diamonds in noodle packets and...
Virginia crime panel endorses cigarette licensing
RICHMOND—Virginia lawmakers should license retailers to sell cigarettes to clamp...
F for food, F for fake: How FSSAI tests adulteration
Times ofIndiaHe grasps two test tubes in his hand, each with a yellow powder at...