Ecommerce Sales Top $1 TrillionPosted on February 08, 2013 by Ted Leonsis
In 2012, consumers
spent more than $1 trillion online shopping and buying goods and services.
I worked on one of the
first ecommerce shopping projects ever called En Passant, which morphed
to 2Market, which then became a big part of AOL's shopping channel. We launched
En Passant back in 1991 along with Apple, Dow Jones, and EDS.
Back then, bandwidth
was the key issue facing us all. It was tough to deliver graphics, videos
and information at 1200, 2400 and 9600 baud. We had to rely
on CD-ROMs to package up the info with very rudimentary online ordering
features. And consumers were scared to death to put their credit
card information online.
We have come a long way
as an industry! See this article in "Mashable" about the industry
reaching this milestone.