When it comes to where US Internet users are spending the most time MySpace is the leader. The social networking site accounted for 12 percent of all time spent online in December 2006, according to Compete Inc.

Online user-generated video content was huge in 2006. 2007 has the potential to be a good year for the TV and movie industries as they enter the digital arena and hope for the success that the music business has been able to achieve with paid content.

The year 2006 was a record breaker for e-commerce as online retail spending passed the $100 billion mark, according comScore.

One of the traditional acts of the New Year’s celebration is the posting of lists that either look back at the year that was or look ahead at what potentially lies ahead. Of course, the Internet industry is not immune to these year-end lists. Just ask the search industry.

Online retailers may seen payment fraud siphon $3 billion away from their enterprises for all of 2006, and there is impact beyond the Internet.

Okay, here’s another one of Dana’s stories that I take exception to. Note that I respect Dana’s writings and I read his blog daily.

Budgets for online advertising get a major lift in 2006.

ComScore reports that online retail spending on Cyber Monday shows a 25% increase from 2005. In total, it is estimated that consumers spent nearly $608 million in retail purchases for the year’s most celebrated online shopping holiday.

A recent estimate by eMarketer concerning the advertising spending on social networks has the figure at $2 billion by 2010.

AP is reporting growing support for the creation of a Google-like search engine for tracking federal goverment spending.

Online advertising spending worldwide is forecast to reach $11.6 billion, an increase of 35% from 2005.

Search and advertising services from Google are part of the China.com experience for visitors to the portal site.

If you sell to government, non-profit or educational accounts, your firm may be accustomed to managing this next challenge.

The online economy has discovered a valuable demographic: old folks. This group has more disposable income than any other, and data suggests the individuals comprising it are becoming much more comfortable with the Internet.

If you’ve been in the computer consulting business for a while, you know that influencing product selection is one of the more valuable services that your firm performs for its client base.

Two studies picked-up by MarketingVOX.