Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. June's News Room Message Board

A Good Kind of Mob byJ.J. McCorvey

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 684
Posted On: 02/29/2012 2:00:20 AM
Avatar
Posted By: junewong


A Good Kind of Mob


by  J.J. McCorvey






<b>Shopping Spree</b> Ringleader Andrew Samtoy (in the orange hat) organized a cash mob that hit Salty Not Sweet, a Cleveland boutique, in December.

Forget flash mobs. This new kind of group supports local shops. Meet the cash mob.


First, there were  flash mobs, masses of people who gathered in public spaces and often burst into song and dance. Now, we have the cash mob, a similar phenomenon—sans theatrics—that is giving small businesses a boost. The organizers send out details via Facebook and Twitter: where to meet up, what time, and how much cash to bring (usually around $20). Then, a crowd arrives at a local business and shows its support by shopping.


Cash mobs, which began popping up in the fall, have spread to nearly 30 cities. "It's pretty fun," says Dan Gigante, who has attended two cash mobs in Buffalo. "A lot of us are meeting in person for the first time." Here are three cities in which cash mobs are gaining steam.


Buffalo

Chris Smith, an engineer at Oracle, started the first cash mob in Buffalo last September. "I thought, A lot of businesses in Buffalo have some significant economic challenges, and they deserve an investment back from the community," Smith says. He organizes a cash mob once a month, choosing the businesses based on votes he receives via his blog and social-media accounts. In January, about 75 people mobbed Chow Chocolat, a local chocolate shop, and bought nearly $1,600 worth of sweets, according to Smith. Cash mob organizers let the businesses know they are coming, but sometimes it's still a scramble. Chow Chocolat's owner, Scott Wisz, says he had only 48 hours to make "a whole lot of chocolate."


Cleveland

Andrew Samtoy, an attorney, organized Cleveland's first cash mob. With the help of a few fellow members from Cleveland Bridge Builders, a local leadership group, Samtoy took to Facebook, Twitter, and the blogosphere. The target of his first cash mob was Visible Voice, a local bookstore, where a group of 40 or so spent about $1,500 in November. Samtoy is also helping other cities organize cash mobs. His blog, at cashmobs.wordpress.com, contains a list of guidelines. Rule No. 8, for example, states that the business must be within a block of a locally owned watering hole. That way, the mob can grab drinks afterward, thus supporting another local business.


Los Angeles

After seeing Samtoy's efforts on Facebook, Lisa Gilmore, an online editor at Universal Pictures, reached out to him for tips on starting a cash mob in Los Angeles. Her first was in December, at Santa Monica-based Kellygreen Home, a seller of eco-friendly products. The 20 people who showed up spent more than $1,000. Gilmore plans to organize one a month. "The small business is the flavor of the community," Gilmore says. "You don't have to be a business owner to understand the importance they have in our society."










(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us