Internet, Billion | featured news

EBay Inc., owner of the largest e- commerce market, agreed to buy GSI Commerce Inc. for about $2.4 billion to add interactive marketing services.

The Chicago-based startup has reportedly declined to sell to the Silicon Valley giant.

Americans jumped on deals and promotions offered online on Cyber Monday, spending $1 billion and making it the busiest online shopping day ever, according to new data.

The number of Internet users will surpass two billion this year, approaching a third of the world population, but developing countries need to step up access to the vital tool for economic growth, a United Nations agency said on Tuesday.

There have now been more than 20 billion tweets since Twitter (Twitter)’s inception, according to tracking service GigaTweet. The milestone comes just two months after the service hit 15 billion tweets and about five months since it reached 10 billion, indicating that activity levels on the microblogging service continue to accelerate.

Internet advertising revenues in the U.S. hit $5.9 billion for Q1 2010, representing a 7.5 percent increase over the same period in 2009, according to numbers released moments ago by the Interactive Advertising Bureau in tandem with PricewaterhouseCoopers.

When your website first reaches a million visitors, it’s a great milestone. However, one billion views per day can only be attained by the selected few, and YouTube is now one of them.