Saturday, July 26, 2008

Know This: Market Overview

M-Commerce, Mobile Banking & Payments
• Currently has only 1.2% global penetration
• Banking and Payment industries = $75+ trillion globally
• M-Commerce said to be 10 times bigger than E-Commerce, which is
currently processing online $14 trillion per year

Online Social Networking
• Social Networking is phenomenon that has changed the way we socialize.
• Fox buys Myspace.com for approximately $580 million.
• Google invests approximately $900 million in MySpace.com for an exclusive
advertising deal.
• Microsoft invested $240 million dollars for 1.6% of Facebook.com, giving
Facebook.com a $15 billion dollar valuation

Telecommunications
• Currently a multi-trillion dollar industry globally
• Mobile Phones = +30% per year global growth

*Stats may vary and or may have changed.

1 comment:

Jake Jacob said...

Hi,
Good writing!
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