Hey everyone, and welcome to this week’s installment of TraQing News! We hope you enjoyed your long holiday weekend! From Black Friday shopping trends to the history of consumers, here are some of our favorite articles from last week to get you back into the swing of working:
Black Friday set a record as the first $1 billion mobile shopping day in U.S. history | Jason Del Ray: Black Friday is always a huge shopping day, but more and more people are choosing to shop from the comfort of their homes using computers, tablets, or phones. This year, people spent more than $1 billion from their phones alone. That’s a 33% increase from last year!
Fitbit said to be buying smartwatch maker Pebble | Stan Schroeder: There may be one less smartwatch on the market. Rumor has it that Fitbit is looking to buy its competitor, Pebble. The deal hasn’t been made official yet, but it’s estimated that Fitbit will pay somewhere between $34-40 million for its rival.
How Humans Became ‘Consumers’: A History | Frank Trentmann: Believe it or not, economics didn’t always concern itself with everyday consumers. The big players were businesses and manufacturers. It wasn’t until the 19th century that individuals were encouraged to be a part of the economy (conspicuous consumption was even a punishable offence in some countries in earlier centuries).
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We’ll see you next week!