Cyber Monday sales in the US raked in a record $12.4 billion with deep discounts on goods of all sorts. Reuters.com reports that online consumer spending was up 9.6%, blowing past Adobe Analytics’ expectation of a 6.1% increase. Some discounts on electronics peaked at 31%, while apparel topped out with 23% discounts. Shoppers did take advantage of buy now, pay later services, with $940 million worth of purchases made via BNPL…that was up 42.% percent from last year. 

Reddit is reportedly ‘holding talks with potential investors’ about an IPO that could happen as soon as first quarter of next year. According to Bloomberg, Reddit filed a confidential S-1 with the SEC in 2021 but hasn’t gone public so far. 

A study of more than 2 million people’s Internet use found no “smoking gun” for widespread harm to mental health from online activities such as browsing social media and gaming, despite widely claimed concerns that mobile apps can cause depression and anxiety. Arstechnica.com says the research was done by the Oxford Internet Institute, and the study is the largest of its kind to date. The researchers said they found no evidence to support “popular ideas that certain groups are more at risk” from the technology. This to me harks back to when some people were claiming that playing violent video games would result in a generation of homicidal maniacs. Well, we seem have as many maniacs as ever, but no more…and not due to video game play!

Foxconn is aiming to invest $1.5 billion in India, after a surge in revenue from the South Asian market. The investment comes two months after the Taiwanese firm said it plans to double its workforce and investment in India by next year. Techcrunch.com reports that Apple’s biggest supplier has been trying to move operations out of China due to US-China tension, among other reasons. 

I’m Clark Reid and you’re ‘Technified’ for now.