Electronic commerce history
Mid-1990s 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