Cyber Monday is a term coined by Shop.org for the Monday after Black Friday, which is another special shopping day right after Thanksgiving. It is starting to be accepted by the public as the official start of online holiday shopping season.
There is a site (and online shopping mall, actually) called Cyber Monday, cyberMonday.com, which features about 550 major online retailers. Many special deals are advertised, but there has been some criticism in the past that most of these deals are normally offered elsewhere. Cyber Monday is widely seen as an artificial buzz-word created by commerce to stimulate more sales.
One special part of Shop.org's Cyber Monday is that the proceeds go to the Ray M. Greenly Scholarship Fund. Ray Greenly was an executive (a Vice President) at Shop.org. He died of lung cancer in September 2005. The scholarship fund was set up in his honor in 2006 to support students studying e-commerce.
The Cyber Monday site is online all year long.
