When Did Cyber Monday Start?
Cyber Monday debuted on 28th November 2005 via a press release of Shop.org. Eventually, it started gaining immense popularity among the American public and became the biggest and busiest online shopping day of the year.
The term “Cyber Monday” first came into use in 2005; Ellen Davis, the former President of NRF foundation used the term to describe the first Monday after Thanksgiving as the busiest online shopping day of the year.
Depending upon the year, it falls somewhere between November 26th to December 2nd.
Is Cyber Monday An Online Equivalent Of Black Friday?
Yes, there is nothing wrong to say Cyber Monday is an online equivalent of Black Friday. The 21st century is the age of the internet and social media, compared to the 90s, we have much better internet services nowadays.
People are the market, and the market is on the internet; so of course, merchants and companies are trying to leverage this opportunity via some systems like Cyber Monday.
Black Friday originated many decades before the internet, so when the internet arrived in our society, Capitalists needed a new version of it. Therefore, some people gave that new version, a new name. And it was “Cyber Monday”.
A few other names along with it:
- Green Monday
- Small Business Saturday
- Giving Tuesday
3 Interesting Facts About Cyber Monday
1. Do you know? Although Cyber Monday is an American idea of Capitalism, in the present day, the vast majority of nations worldwide starts adopting it. Especially among capitalist nations, it getting highly popular.
2. The covid pandemic was one of the prime reasons for making 2020’s Cyber Monday highly successful in the United States. On November 30th, 2020, 10.7 billion dollars of transactions happened in the USA in that single day.
3. There are a lot of companies in the world, which has named Cyber Monday differently in their own countries.
For example, in 2012, many Indian companies like Flipkart, Snapdeal, HomeShop18, and Indiatimes shopping launched their own Cyber Monday version, which they named the “Great Online Shopping Festival”.