E-Economy Doubles in 1999

SAN FRANCISCO, CA/USA (7 June 2000)–Last year internet sales jumped 62% to US$524 billion, according to a University of Texas-Austin study, which examined 3,000 US companies that generate some or all of their revenues from internet transactions. The fastest-growing category was e-commerce, up last year 72% to US$171.4 billion. The report attributes this growth to