VT, MI, NH, WA, NY, ME, CO, NY, GA, VT, MT, CO
FL, WA, GA, CA, CO, WA, CA, CO, FL, MT, AZ
VT, NH, NC, FL, PA, GA, PA, VT, TN, GA
CA, VT, NH, NY, MI, NY, ME, CO, WA, WA, NY, CA, TN
NC, VT, CA, WA, GA, CA, GA, CA, TN, TN, MT, WA, TN
CA, GA, NC, TN, CO, WA, GA, NC, NY, VT
CO, AZ, VT, OK, NC, NH, WA, NC, PA, ME, CO, CO
SC, NY, NC, VT, NC, OR, MI, CA, NY, VT, CA, CA, CO
NY, FL, CA, MI, NY, MI, GA, ME, ME, GA, GA, NY, AZ
NC, HI, NY, MI, MI, TN, GA, ME, NY, MI, TN
NC, AZ, GA, CO, CA, CA, NY, MI, ME, TN
They acquire highly profitable online businesses, often too small for institutions
