
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
The Rising Threat of Counterfeit Cosmetics In India: Fake Beauty Alert
India’s beauty market has lately experienced an incredible turnaround and holds...
Gurugram: Cops confiscate 7440 bottles of foreign liquor worth Rs. 25 lakh
Gurugram: In a major crackdown, over 7,440 bottles of Indian-made foreign liquor...
Thai Police Seize Almost 900,000 Counterfeit Sunglasses
Police in Thailand announced Thursday they seized almost 900,000 counterfeit...
Dubai and Ajman police authorities seize 6,200 counterfeit toners
Brother International (Gulf) FZE has lauded the successful joint operation with...