The E-Commerce Boom

Events

Companies allowed to setup electronic transactions

1960

Source: 6

First ATM installed

September 2, 1969

Source: 8

Creation of the Web Browser by Tim Berners

1990

Source: 3

National Science Foundation (NSF) allows commercial internet traffic

1991

Source: 7

Jeff Bezos founds Amazon

July 5 1994

Source: 7

First E-sale (USA)

August 11, 1994

A Sting CD was the first e-sale purchase
Source: 5

First E-Sale in the UK

1995

It was a book written by Paul Stanfield which later turned into the first e-sale in the UK
Source: 5

e-Bay founded

September 3, 1995

Source: 1

Victoria Secret turns to the Web

1999

Victoria Secret releases their own online retail website.
Source: 1

Walmart launches website

2000

Source: 1

Dot.com Bubble Burst!

2000

Period lasted from 1995-2001. Stock investments crashed in 2000. The NASDAQ stock peaked at 5,048.62 before it crashed
Source: 2

X.com acquires Paypal

2001

Elon Musk & Bill Harris were the CEO's responsible for this deal
Source: 7

Google Shopping

2002

Created a comparison tool allowing users to make more informed decisions towards buying products
Source: 3

PCI Data Security Standards 1.0 is released

December 15,2004

A new set of protocols are implemented to increase the level of security on credit cards and reduce fraudulent cases.
Source: 4

Revenue from Facebook Ad's Begin: Microsoft deal

2006

Microsoft realizes the significance of Facebooks large user base and signs a deal where Facebook creates ads on their website for profit
Source: 6

Netlfix moves to On-demand video streaming

February 2007

Source: 7

Introduction of the first iPhone

June 2, 2007

From this period onward mobile-commerce began to gain mass popularity due to mobile apps.
Source: 7

Bitcoin launches

October 31 2008

Bitcoin is a form of virtual currency and runs entirely online there is no physical form for this currency.
Source: 2

Uber Mobile App launched

March 2009

Users pay for ride services via their mobile phone.
Source: 1

Apple Pay

October 20, 2014

Apple releases a wallet service that accepts users credit cards and allows purchases via a mobile device
Source: 4