5 Biggest Internet Companies in the World

3. Meta Platforms, Inc. (NASDAQ:META)

Market Capitalization as of 10/29: $266.6 billion

Number of Hedge Fund Holders: 184

Meta Platforms, Inc. (NASDAQ:META) is one of the largest social media companies in the world with popular apps such as Facebook, Instagram, and WhatsApp. As of 10/29, Meta Platforms, Inc. (NASDAQ:META) has a market cap of $266.6 billion, ranking it #3 on our list of 15 Biggest Internet Companies in the World.

For Q3, Meta Platforms, Inc. (NASDAQ:META) reported EPS of $1.64 on revenue of $27.71 billion versus the consensus of $1.89 on sales of $27.38 billion. Daily active users for September rose 3% year over year to 1.98 billion. Given the Q3 results, slow user growth, and the company’s substantial investments in the metaverse, Meta Platforms, Inc. (NASDAQ:META) are down 70.5% year to date.