The State of Social Media
Holiday spending on Cyber Monday reached a record-breaking $1.25 billion, surpassing previous spending records since the inception of the retail holiday in 2005 and representing the heaviest online spending day in history. This year also marks the second year that Cyber Monday spending has broken the billion-dollar threshold.
Previously, Cyber Monday ranked as the heaviest online spending day for 2010, climbing steadily in rank over previous years. Thus far, Cyber Monday 2011 has generated the most online spending in a single day for the year. Stay tuned to see if it will continue to rank #1 as online holiday shopping continues in full force.