TechTaffy

tech:

taffy

We Spent $35.3 Billion Online On Holiday Shopping!

By TechTaffy Desk

[Techtaffy Newsdesk]

We have spent $35.3 billion online (so far) on holiday shopping. Last week (ending Dec. 25) alone, we bought $2.8 billion of stuff online. $1.25 billion spent on Cyber Monday ranked as the heaviest online spending day of the season for the second consecutive year.

According to a comScore study, digital content and subscriptions accounted for 2.8 per cent of retail e-commerce sales for this holiday season. On Christmas Day, the category accounted for more than 20 per cent of sales. Over the past several years, there have been a dramatic increase in Christmas Day purchases of digital content and subscriptions, a retail category that includes digital downloads of music, TV, movies, e-books and apps. This is because many of us get new smartphones, tablets, e-readers, and gift certificates for Christmas, and we spend a large part of the day loading up our devices with new content.

The 2011 holiday season began November 1. So far, we have spent 15 per cent more than last year.

 

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.