Peter Kafka

Recent Posts by Peter Kafka

ComScore: Cyber Monday Sales Up 15 Percent

As promised, here are the comScore (SCOR) Cyber Monday numbers: The Web measurement firm says sales increased 15 percent over last year’s totals (click on table to enlarge).

Taken together with numbers from Black Friday and last weekend, these are encouraging, but not conclusive, data that consumer spending for the holidays may not be quite as bad as predicted. And while that won’t solve the economy’s deep problems, it would constitute good news, which is in short supply.

This should also hearten potential investors in Amazon (AMZN), which increasingly looks like it will be one of the only clear winners this holiday season.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald