The whole bulk of internet commerce is online gaming,
Just a minute , but online brokerages and other sites around trading and stock markets make up a far bigger piece of internet commerce.
huh? I'm guessing you have some interests in the world of trading, so trading probably seems like a big thing, but perhaps surprisingly "trading of stocks" (whether online or in bricks & mortar) is only a niche market in the world Danny. Who trades stocks? Only a niche of people. Online stock trading is really only etrade, its the only company of any size (over a few thousand employees) in the field, they barely make 100m a year and their sales are a fraction (a quarter? a tenth?) of say amazon's.
I imagine other than porno and online gambling, the biggest section of commerce on the net is just "retail sales". "online brokerages" is not a big sector. Just as in the ordinary non-internet world, there are no particularly big companes that are "stock brokerages" - big companies make cars, are retailers like walmart, entertainment companies, grocery producers and the like. (AOL/Time would be what, 50 times, maybe 100 times bigger than a successful little company like etrade, right? And all AOL sold was "chat online"!)
(I was just reading that one of the (lesser-known, no big deal) companies that supplies online gaming software, in total JUST their clients (ie the few casinos who hapen to use that particular type of software), has paid out 5 billion ...
http://au.altavista.com/r?ck_sm=3c878af7&rpos=3&rpge=1&ref=3eb00020080&uid=26630f9fc884957a&r=http%3A%2F%2Fwww.cryptologic.com%2Finvestor%2Fpdf%2Fcry00yr.pdf )
Of the 10 billion dollar [ -- some years ago -- ] online casino industry,
Online casinos mostly don't publish numbers. This figure is the guestimate by some of the opponents of online gambling, who are crying loud that it should be stopped or regulated. Very unlikely that these would-be-regulators are not exagerating the number...
A fantastic story, but you can look up for yourself the reports by the big-5 accounting firms, check out their methodology and see what you think. Or, use common sense and ask what most happens on the internet
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