Quote:
Originally posted by AlienQ
Gona try and break this down.
"After first telling investors that porn comprised just a minor amount of iBill's business, $259 million (2003 revenue), Intercept finally confessed that porn was actually responsible for 85% of iBill's annual credit card transactions, which once amounted to as much as $720 million."
720 Million Annual.
10B is the estimate volume of the Adult Industry according to some publications.
What % of the Adult net does IBILL Process for...
I need more numbers to get this right for Adult net transactions alone. Anyone got a clue about how much of the Adult Industry as a whole makes off the NET alone and not everything else?
Any numbers out there?
Research sucks...
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No offense man.. but you are quite possibly the WORST reader I have ever seen.
the article implies $720M was iBill's PEAK transaction revenue, not the current. the current is about a third of that.
take 85% of $259M to get a ball park figure of the transaction amount iBill did for porn in 2003.
and the $10B figure you quote was from like 1998 and it was for the ENTIRE adult industry, not the just internet sector.