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E-Commerce 2.0: Social, Subscriptions and Mobile
Date: December 04, 2010
E-Commerce 2.0: Social, Subscriptions and Mobile. Caltech/MIT Enterprise Forum. Every year, roughly 100 million Americans purchase goods from the online retail marketplace, one of the fastest-growing industries in the United States. Since the start of the decade, revenue from both e-commerce and online auctions has grown at an exceptional rate, outperforming most, if not all, retail industries in the country. Americans spent $93 billion dollars buying products online in 2010, and that number is expected to grow significantly over the next few years. The area is also ripe for innovation, as most of the stalwart players and brands have been established for the past 10 years. Subscriptions, social buying and mobile technologies have led to innovative business models, and have been extremely successful with consumers. One of the most popular social e-commerce sites, Groupon, is on track to do between $400 million - $600 million in revenue this year, and has only been around since the fall of 2008! This event will explore the current trends in the e-commerce world, and discuss potential opportunities for aspiring entrepreneurs. See
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