3. Digital Economy refers to an economy
that is based on digital technologies. The
digital economy is also sometimes called
the Internet Economy, the New Economy,
or Web Economy. Increasingly, the “digital
economy” is intertwined with the traditional
economy making a clear delineation
harder.
7. Last April Facebook agreed to buy the quickly
growing photo-sharing social network Instagram for
a $1 billion.
8. In 2008 The Motion Picture Association of
America reported that its six major member
companies lost $6.1 billion to piracy. As of
2011 trade in counterfeit copyrighted and
trademarked works was a $600 billion
industry worldwide and accounted for 5%–
7% of global trade.
The 2011 Business Software Alliance Piracy
Study Standard estimates the total
commercial value of pirated software to be
at $59 billion in 2010, with emerging
markets accounting for $31.9 billion, over
half of the total.
