Have you heard of Black Friday? It sounds quite strange right? I mean, Is the Friday black? Why call it Black Friday?
Well, as usual, I searched on line to try to find the answer.
What I found is quite interesting.
What is Black Friday?
Black Friday is the day following Thanksgiving day in the united states. It actually symbols the start of the country’s christmas shopping season.
Why is it called the Black Friday?
In accounting terms, accountants use red ink to show negative amounts, which is losses. In contrast, black ink means profit. So Black Friday means it is the day when retailers starting to make a profit for the year as holiday season is coming.
History of Black Friday
The Black Friday name became popular in 1966. The philadelphia police department used this name to describe the crowding and traffic jams in the downtown stores, as there were so many people went to shopping that Friday.
What’s interesting in this year’s Black Friday?
I am sure there is a lot of interesting things happened during the Black Friday in 2017.
However, what appears in the front page of the news and caught my eye is the one below.
According to Sydney Morning Herald: Black Friday just made Jeff Bezos, who is the founder and chief executive of Amazon, the world’s only US dollar 100-billionaire on Friday , as a result of the surging sales during the holiday.