The news: Block sellers completed more than 61 million transactions between Black Friday and Cyber Monday, per a press release. Afterpay helped drive spending: Online and in-person transactions using buy now, pay later (BNPL) grew 120% relative to pre-holiday levels.
Key context: Expectations for the holiday season have been muted, in part thanks to the longer shopping period and flat November sales year over year, per Adobe.
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