In this article, we will look at 15 of the largest internet companies in the world. If you want to see more of the biggest internet companies in the world, go straight to The 5 largest Internet companies in the world.
The Internet has grown exponentially over the past few decades.
According to IDC, there were only 16 million Internet users at the end of 1995, representing about 0.4% of the world’s population. Because of cheap computers, higher incomes, and more online facilities, the number of people who used the Internet rose to 248 million at the end of 1999, representing 4.1% of the world’s population.
Although the Internet bubble burst in 2000, the number of Internet users continued to grow. With further organic growth, the number of Internet users crossed 1 billion in 2005 and 5 billion in 2020. As of July 2022, there are 5.473 billion Internet users representing about 69% of the world’s population according to global Internet statistics.
With the advancement of technology, there will likely be more internet users in the future.
One potential way to offer more of the Internet to the world is through satellites. Starlink, a pioneer in the satellite Internet, describes its services, “Starlink is the world’s first and largest constellation of satellites to use Low Earth Orbit to deliver a broadband Internet capable of supporting broadcasting, online gaming, video calls, and more. Leveraging advanced satellites and user hardware to Alongside our deep experience with both spacecraft and in-orbit operations, Starlink provides high-speed, low-latency Internet to users around the world.”
With Starlink it is possible to get high speed broadband from space. Starlink already has more than 2,000 satellites in space that collectively provide services in 32 countries. Starlink also benefits as it is a division of SpaceX, which has a lot of experience launching rockets. Starlink adds, “Starlink is ideally suited to regions of the world where connectivity has typically been challenging. Unrestricted by traditional terrestrial infrastructure, Starlink can deliver high-speed broadband Internet to locations where access has been unreliable or completely unavailable.”
Although Starlink is very expensive in many places in the world due to its current monthly cost as well as the hardware costs for a satellite dish and router, the costs may drop significantly in the future as more people use it. Other companies can also decide to support it or an alternative version of low orbit satellite internet to gain more users.
With more people on the Internet, there is potential for larger markets and greater growth for Internet companies. With more revenue potential, there is also potential for more profit.
Due to the growth of the Internet in the past few decades, some Internet companies have expanded greatly in terms of size and market capitalization. As a result, some of the largest internet companies are worth over $100 billion in market capitalization and two are worth over $1 trillion.
2022 has been a challenging year for the markets since the Fed has already raised interest rates 5 times. With inflation still rising, many expect the US central bank to raise interest rates further by the end of the year.
Due to the headwinds, many of the world’s largest internet companies were also affected. With uncertainty, it can be a good idea for investors to own a diversified portfolio of stocks across many different sectors.
New York Wall Street sign.
In our list, we’ve taken the 15 best companies by market capitalization from Companiesmarketcap.com’s The largest Internet companies by market capitalization.
For our data, we used Companiesmarketcap.com data for market capitalization and used the number of hedge funds in our database of 895 funds that held shares of the same stock at the end of the second quarter of 2022 for a number of hedge fund holders.
The 15 largest internet companies in the world
15. Equinix, Inc. (NASDAQ:EQIX)
Market capitalization as of 10/29: $51.73 billion
Number of hedge fund holders: 38
Equinix, Inc. (NASDAQ: EQIX) is a REIT data center that hosts much of the infrastructure needed for businesses to deliver digital services over the Internet. Although stocks have performed well since 2012, Equinix, Inc. (NASDAQ:EQIX) It’s down about 33% year-to-date due to higher interest rates and other headwinds. With the expected continued growth of the Internet, Equinix, Inc. (NASDAQ: EQIX) Greater long-term growth.
Besides Meta Platforms, Inc. (NASDAQ: META) and Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOG), Equinix, Inc. (NASDAQ: EQIX) is among the 15 largest Internet companies in the world by market capitalization.
14. Uber Technologies, Inc. (NYSE:Uber)
Market capitalization as of 10/29: $54.44 billion
Number of hedge fund holders: 129
Uber Technologies, Inc. (NYSE: UBER) is a leading ride-sharing app that also offers grocery and food delivery services. Although analysts don’t expect the company to turn a profit yet in terms of EPS next year, Uber Technologies, Inc.’s losses have eased. (NYSE: UBER) Over the years the company has become closer to profitability than before. If Uber Technologies, Inc. continues. (NYSE: UBER) In innovation, the company has the potential for further growth, too.
13. JD.Com, Inc. (NASDAQ:Dinar)
Market capitalization as of 10/29: $59.38 billion
Number of hedge fund holders: 62
JD.Com, Inc. (NASDAQ: JD) is a leading Chinese e-commerce company. Due to overall headwinds as well as potential delisting concerns, shares of JD.Com, Inc. are down. (NASDAQ:JD) is down 45% year-to-date. As the e-commerce market in China is no longer growing the way it used to, JD.Com, Inc. (NASDAQ:JD) You will need to innovate to meet growth expectations.
12. Pinduoduo Inc. (NASDAQ:PDD)
Market capitalization as of 10/29: $66.94 billion
Number of hedge fund holders: 41
Pinduoduo Inc. (NASDAQ:PDD) is another Chinese e-commerce company that has faced major headwinds such as shutdowns and slowing economic growth. Like other Chinese companies, Pinduoduo Inc. (NASDAQ:PDD) also has potential delisting concerns. Compared to its e-commerce counterparts in China, Pinduoduo Inc. has not declined. (NASDAQ:PDD) a lot in 2022, with shares down 9.2% year-to-date.
11. Airbnb, Inc. (NASDAQ:ABNB)
Market capitalization as of 10/29: $73.67 billion
Number of hedge fund holders: 57
Airbnb, Inc. (NASDAQ: ABNB) is a leading online marketplace for short-term homestay accommodation. In 2022, shares of Airbnb, Inc. (NASDAQ:ABNB) is down 31% year-to-date on concern that a potential recession could lower demand for travel services and Airbnb, Inc. (NASDAQ: ABNB). If the economy recovers and Airbnb, Inc. (NASDAQ:ABNB) With its market share, the stock has potential for growth.
10. Booking Holdings Inc. (NASDAQ:BKNG)
Market value as of 10/29: $74.31 billion
Number of hedge fund holders: 93
Booking Holdings Inc. (NASDAQ: BKNG) is a leading provider of online travel and restaurant reservation services. Although shares have more than doubled since 2012, Booking Holdings Inc. (NASDAQ:BKNG) It’s down 22% year-to-date due to economic headwinds. If a recession occurs next year, travel demand may decline at least in the near term. With this drop, Booking Holdings Inc. is trading. (NASDAQ:BKNG) for a forward earnings multiple of 15.34, which could be attractive if the company meets its earnings growth forecast in the future.
9. ServiceNow, Inc. (NYSE:Currently)
Market capitalization as of 10/29: $84.92 billion
Number of hedge fund holders: 99
ServiceNow, Inc. (NYSE: NOW) is a cloud company that offers a digital platform whose core capabilities can “digitize, connect, and automate isolated processes for workflow.” Because of the company’s value proposition, 80% of the Fortune 500 work with ServiceNow, Inc. (NYSE: NOW). Although shares are down 35% since the start of the year, analysts expect ServiceNow, Inc. (NYSE: NOW) to grow its dividend fairly quickly over the next five years. As of 10/29, ServiceNow, Inc.’s market capitalization is (NYSE: NOW) $84.92 billion, placing it at No. 9 on our list of the 15 largest Internet companies in the world.
Market capitalization as of 10/29: $96.03 billion
Meituan is a Chinese e-commerce platform for services. According to Bloomberg, Meituan is studying the possibility of expanding into Hong Kong and international markets given slower growth in China. Although China has the largest number of internet users in the world, the food delivery market in the country is already well developed and growth could be easier to achieve internationally.
7. Paypal Holdings, Inc. (NASDAQ:PYPL)
Market value as of 10/29: $99.74 billion
Number of hedge fund holders: 97
Paypal Holdings, Inc. (NASDAQ:PYPL) is an online payments company whose shares are down 54% this year due to weakness in the broader market. As a result of the drop, Paypal is now trading at a forward P/E rate of 18.05, which could be attractive if interest rates don’t rise too much and the company maintains market share in terms of online payments.
Although the company’s user base is not growing as quickly as previously expected, Paypal Holdings, Inc. (NASDAQ:PYPL) hopes to generate more revenue per user to help grow.
6. Netflix, Inc. (NASDAQ:NFLX)
Market value as of 10/29: $131.6 billion
Number of hedge fund holders: 95
Netflix, Inc. (NASDAQ: NFLX) is a leading online broadcasting company. Although stock shares are still down 51% year-to-date, Netflix (NASDAQ:NFLX) is up significantly from its May levels as the market has grown more optimistic that the company will be able to maintain its user base Despite the increasing competition. The ad-supported layer can also help in terms of the number of users.
Like Netflix, Inc. (NASDAQ: NFLX) and Meta Platforms, Inc. (NASDAQ: META) and Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ:GOOG) is among the world’s largest Internet companies by market capitalization.
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Disclosure: none. The 15 largest internet companies in the world Originally posted on Insider Monkey.