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WorldWideWeb is born
The World Wide Web is born! Tim Berners-Lee(now of MIT), working at CERN in Switzerland, posts the first computer code of the World Wide Web in a relatively innocuous news group, "alt.hypertext." The ability to combine words, pictures, and sounds on Web pages excites many computer programmers who see the potential for publishing information on the Internet in a way that can be as easy as using a word processor. The birth of the Internet as we know it today. Tim Berners-Lee's new system allows ac -
Future of shopping
Revolutionary book by J.H. Snider and Terra Ziporyn namely; Future Shop: How New Technologies Will Change the Way We Shop and What We Buy. St. Martin’s Press. -
First secure online transactions
Netscape released Navigator browser, later introduced Secure Sockets Layer (SSL) encryption for secure transaction. Pizza Hut started online ordering on their webpage, cars, bikes and adult content as well started selling on the internet. -
Prohibition on eCommerce lifted
The US National Science Foundation lifts its former strict prohibition of commercial enterprise on the Internet -
Online selling takes a boost
Amazon.com started selling each and everything online. Companies like Dell and Cisco started using internet in all their transactions. Online auction started by eBay. -
Age of the internet
Nearly 10 million hosts online. The Internet covers the globe. The Age of the Internet has arrived. Users in almost 150 countries around the world are now connected to the Internet. The number of computer hosts approaches 10 million. Approximately 40 million people are connected to the Internet. More than $1 billion per year changes hands at Internet shopping malls. -
IndiaMART
IndiaMART B2B marketplace established in India. -
ECPlaza
ECPlaza B2B marketplace established in Korea. -
Dell
Dell is the first company that reaches a profit of 1 milion through online sales -
Electronic postal stamps
Electronic postal stamps can be purchased and downloaded for printing from the Web -
Ebay
eBay's stock soars 163% on its first day of trading. -
Brick-and-mortar brands
Online sales of brick-and-mortar brands more than doubled to nearly $20 billion, accounting for 59% of total retail sales on the Web. -
Making money online
More than two-thirds of direct marketers - including catalogers, TV shopping channels and membership clubs - currently conducting e-commerce are making money online. -
Dot,com bubble
The dot-com bust. -
iTunes store launced
Apple launches the iTunes store. -
Holiday e-retail skyrockets
Holiday E-Retail sales expected to rise 30%. Seventy percent of on-line browsers in US made a purchase via the Internet during the 2001 holiday season. -
PayPal
PayPal the company which offered an alternative (through internet) to cash or check payment was acquired by eBay for $1.5 billion. CSN Stores and NetShops were founded with the concept of domain specific commodity and sprung with many online stores, going for one item on each website. -
Kindle
Amazon launches the Kindle, a device for reading electronic books. -
Groupon
Groupon launched.
