What we know about the economic recovery from the emoji being used on Venmo ...Middle East

Quartz - Economy
What we know about the economic recovery from the emoji being used on Venmo
The Covid-19 pandemic has crushed some sectors of the global economy, with shuttered businesses leaving many people jobless. Others have been buoyed by it, as consumers have shifted their behavior and spending.Many of these shifts are apparent in transactions made on Venmo, a PayPal-owned payment platform for people in the US. Our analysis of emoji used in over 68,000 transactions from March 2020 and March 2021 suggests there are fewer transactions related to paying for haircuts, rent, and toilet paper, but more related to celebrations, recreation, and sending love.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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