All the Spam in the World Makes $200 Million—And Costs Us $20 Billion [Factoid]
Aug 7, 2012 4:00 PM We all hate spam. But we figure it must be worth it to someone since there's so damn much of it. But... apparently not. A new paper from the Journal of Economic Perspectives estimates it brings in a total of $200 million in revenue worldwide per year. And then the rest of us spend $20 billion cleaning it up. Ugh. How is that possible? It's insanely cheap to send spam, that's how. The paper suggests that things like raising the cost of payment processing would have a dramatic effect on spammers' overhead, and would probably be more effective than, say, government intervention. [Journal of Economic Perspectives via Atlantic] View the original article here This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.