Today is Cyber Monday, the time for people to go shopping on the internet with businesses offering unusually low prices for their items. Cyber Monday is the Monday after Thanksgiving. Billions of dollars were spent last year on this date, and it is hard to imagine today’s revenue. Cyber Monday is called so because certain online companies lower the prices of their items, which causes a “cyber rush” on the internet.
Black Friday occurred last week on November 27th, the day after Thanksgiving. That is the day that people can get trampled to death or injured in a mad rush for the extremely low-priced items that retailers have to offer. This is not online; companies themselves lower prices of their own items, which usually results in either a stampede of people or a line that lasts for hours. Is it all worth it? Yes, it is. Savings range from about 30 to 50 percent off! Black Friday is considered the start of the Christmas shopping season.
Black Friday is thought to have gotten its name from one of two ways: first from the panic of 1869, also called Black Friday, in which Jay Gould and James Fisk attempted to corner the Gold market. Black is sometimes used to refer to disasters such as that one. The second way is that companies go into the Black and out of the Red on Black Friday, which means that companies who have more expenses than revenue (in the Red) get more revenue than expenses (in the Black) on Black Friday.
Cyber Monday and Black Friday are a smart way to gain extra revenue for numerous companies, and the low prices are too much to pass up. However, it is very dangerous to go shopping personally, so it is always worthwhile to be cautious. Plus, there is no better time to go Christmas shopping than on these days!