E-commerce platforms eBay (EBAY), Etsy (ETSY), and Wayfair (W) released their latest earnings results, giving an inside look into how consumers are spending amid inflation woes.

Citi Analyst Ygal Arounian joins Wealth! to give insight into the state of e-commerce, what it signals about consumer spending trends, and who could be considered the "winner" of this group of names.

Arounian relates back to Etsy to discuss the position consumers find themselves in: "Etsy sits really in the most challenged part of the consumer spending environment right now, which is... consumer discretionary goods rather. So people are seem to still be spending on travel. People are spending on essentials because they need to. And where you're getting the biggest cut from the wallet is on goods that you don't necessarily need."

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This post was written by Nicholas Jacobino