cash money

comScore: Ecommerce spending on Thanksgiving tops $1B for the first time, passes $1.5B on Black Friday

Reports have been coming in all weekend about how Thanksgiving and Black Friday online sales are up this year, in double-digit percentages yet again, but now the first raw number estimates are finally here. comScore has announced that Thanksgiving Day this year passed the $1 billion mark for the first time, and Black Friday managed to surpass the $1.5 billion figure.

Ozon ru Alexey Ivanov Flickr

Ozon receives giant funding from AFK Sistema and MTS

The investment in Ozon — often called, with some exaggeration, the Russian Amazon — represents the most significant investment volume in the history of Russian e-commerce.