Commerce conducted via the Internet — Merriam-Webster Dictionary

#1 He [Michael Wolff in Burn Rate: How I survived the Gold Rush Years on the Internet, 1998] explains: “In the cacophony of Web analysis and instant analysis and overnight paradigm shifts, people where now insisting that what worked—the only thing working with any consistency, with any predictability, with any prospect for long-term business growth and profitability—was transactions. Shopping. More and more, with greater and greater confidence and comfort, people where buying stuff on the Web.” The old mantra “content is king” had apparently lost its crown. Now the pundits were pronouncing “commerce is king,” a change that not only singled the rise of technology people but also impacted the structure of the industry, the nature of the mergers under way, the type of ventures more likely to attract capital, the direction of internet strategy, the skills most desired of new media talent, and the way users were being conceived. — Megan Sapnar Ankerson, Dot-Com Design. The rise of a usable, social and connected web, 2018