Electronic commerce history
— Mid-19905 to 2000: rapid growth
— “Dot-com boom” followed by “dot-com bust”
- 2000 to 2003: overly gloomy news reports
— 2003: signs of new life
Sales and profit growth return
Electronic commerce growing at a rapid pace
Electronic commerce becomes part of general economy
— 2008 general recession
Electronic commerce hurt less than most of economy
second wave continued forward
Handheld devices lend the opportunity for third wave