The Penny Auction Industry [Infographic]

We have seen a lot of beautiful infographics on Mashable.com, but we have yet to come across an infographic about the penny auction industry, so we decided to make one ourselves.
 
The penny auction industry has grown from nothing in 2008 to a vibrant community of hundreds of companies spread all over the world today.

So let’s take a look at how it works, who the key players are, what the press have said, and where some of the biggest penny auction companies have gotten their funding.

Let us know in the comments if you have any questions about the infographic.