In this article, we discuss 5 of the biggest internet companies in the world. If you want to see more of the biggest internet companies in the world, go directly to 15 Biggest Internet Companies in the World.
5. Alibaba Group Holding Limited (NYSE:BABA)
Market Capitalization as of 10/29: $173.01 billion
Number of Hedge Fund Holders: 106
Alibaba Group Holding Limited (NYSE:BABA) is China’s largest e-commerce company and also one of the largest cloud providers in the country. In the past 10 years, Alibaba Group Holding Limited (NYSE:BABA) has benefited substantially from increased internet penetration in China and has a market capitalization of $173.01 billion as of 10/29. Given the macro headwinds as well as potential delisting concerns, shares of Alibaba Group Holding Limited (NYSE:BABA) have fallen to multi-year lows and are down 46% year to date, however.
4. Tencent
Market Capitalization as of 10/29: $251.94 billion
Tencent is a leading Chinese social media company and one of the world’s largest gaming developers. Like its peer Alibaba, Tencent has benefited from increasing internet usage in China and the company has achieved a market capitalization of over a quarter trillion dollars as of 10/29. Like its other leading Chinese technology peers, Tencent also faces near term headwinds given the slowing Chinese economy.
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.
2. Amazon.com, Inc. (NASDAQ:AMZN)
Market Capitalization as of 10/29: $1.053 trillion
Number of Hedge Fund Holders: 252
Amazon.com, Inc. (NASDAQ:AMZN) is one of the most valuable companies in the world with a market capitalization of over $1 trillion as of 10/29. Given the growth in the internet, Amazon.com, Inc. (NASDAQ:AMZN) has benefited enormously with more e-commerce customer and also greater demand for the company’s cloud computing services.
Although the company’s third quarter results missed estimates and its guidance was disappointing for the fourth quarter, Amazon.com, Inc. (NASDAQ:AMZN) still has lot of growth potential given the huge e-commerce and cloud markets in the long term.
1. Alphabet Inc. (NASDAQ:GOOG)
Market Capitalization as of 10/29: $1.256 trillion
Number of Hedge Fund Holders: 153
Alphabet Inc. (NASDAQ:GOOG) ranks #1 on our list of 15 Biggest Internet Companies in the World given its market capitalization of $1.256 trillion as of 10/29. Although the company faces headwinds in the near term, Alphabet Inc. (NASDAQ:GOOG) still has significant growth opportunities.
Given most people use Alphabet Inc. (NASDAQ:GOOG) for search, the company has benefited from increasing internet penetration in the past decade and should continue to do so for the next few decades if it maintains its market share. Similarly, Alphabet Inc. (NASDAQ:GOOG) has also benefited from more people visiting YouTube.com, and could continue to do so if it continues innovating.
You can also take a look at 15 Biggest Dow Companies By Market Cap and 12 Best Ethical Stocks To Buy Now.
