Largest Internet Companies
There’s no questioning the influence internet companies have on businesses today. Not only have they revolutionized the business landscape with their technological innovations, but larger companies like Alphabet, Meta, and Amazon are also constantly shaping consumer behavior, redefining market dynamics, and helping businesses reach new growth heights.
In this post, we take a close look at the largest internet companies in the world, ranked by their market capitalization.
Top internet companies by market cap
Recent data reveals the top internet company in the world is Alphabet. With entities like Google and YouTube in its portfolio, its number-one ranking should come as no surprise. As of February 2024, Alphabet’s market capitalization is $1.82 trillion. Alphabet’s company value has surged over the past decade. In 2014, it was valued at $359.5 billion—one-fifth of its current value.
Securing the second spot among the biggest internet companies is Amazon, with a market cap of $1.78 trillion. Founded by Jeff Bezos, it is also the largest ecommerce company worldwide and stands as one of the largest retailers in the United States.
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Social media titan Meta ranks next. Formerly known as Facebook, its market capitalization is currently $1.21 trillion, marking the first time it has exceeded $1 trillion. Like Alphabet, Meta’s market cap has experienced a significant rise since 2014, when it was valued at $216.7 billion.
Alphabet, Amazon, and Meta are the only three internet companies whose market values are currently more than $1 trillion.
China’s Tencent, which owns some of the most popular social media platforms, like WeChat and QQ, is the fourth-largest internet company. Its current market capitalization is $351.2 billion. Video-streaming service Netflix rounds out the five biggest internet companies, with a value of $250.7 billion. Alibaba and Pinduoduo, two prominent Chinese entities, trail behind with market values of $183.5 billion and $175.4 billion, respectively.
Next in line, valued at $162.9 billion, is ride-hailing company Uber. It is closely followed by ServiceNow, whose market cap is $162.4 billion. Completing the list of the top 10 internet companies is Booking Holdings, which owns popular travel booking platforms like booking.com, agoda.com, and kayak.com.
Of these top 10 internet companies, more than half were founded in the United States and China.