In this article, we’ll take a look at 10 of the most valuable internet companies today vs. 2000. If you want to learn more about the most valuable internet companies today vs. 2000, head on over to 5 Most Valuable Internet Companies in 2000 vs. Today.
The 10 Most Valuable Internet Companies have changed a lot over the past 22 years.
In 2000, the Internet was much smaller than it is today. Globally, there were only about 413 million internet users.
It was also much slower with many people using dial-up.
In 2000, most people also accessed the Internet through a PC or laptop. Popular apps like Facebook didn’t exist. The iPhone wasn’t invented either. Cloud computing was mostly theory rather than reality.
80% of people used Internet Explorer and Google Chrome did not exist.
The top 5 most popular sites in 2000 included Yahoo.com, AOL.com, Geocities.com, MSN.com and Lycos.com.
Today, the Internet is much larger with several billion additional users.
The internet is also much faster for many 5G users.
Thanks to mobile phones, Internet companies are also doing much more than the Internet now. With the Internet, people can work from home. They can go shopping or watch TV or even movies.
As for the top 5 sites, Yahoo.com and MSN.com still have a lot of users and the other sites are not doing very well.
The demographics of people who use the Internet have also changed. While many people in China were offline in 2000, hundreds of millions of Chinese are online today. Due to demographic change, some of the largest internet companies in the world are Chinese while none were Chinese in 2000.
Due to the enormous growth of the Internet as well as inflation, the 10 most valuable Internet companies today are collectively worth much more than they were collectively worth in 2000.
The 10th most valuable company today is worth more than $80 billion, for example, up from around $2.1 billion in 2000. Meanwhile, the most valuable company today is worth almost 1.3 trillion dollars compared to 94.2 billion dollars in 2000.
The composition of the most valuable companies in 2000 compared to today has also changed considerably. Apart from Amazon, not every other company in the top 10 in 2000 is in the top 10 today. Some of the biggest Internet companies in 2000 also didn’t do very well in terms of stock market performance.
The change illustrates how fast the internet has evolved over time and how much Amazon has really managed to grow its business.
Looking to the future, it is very likely that the internet will continue to evolve with potentially several new companies in the top ten. Companies in India, whose population will soon be larger than China, could also be among the top ten in the future.
The internet may also be more focused on virtual reality or augmented reality in the future. Therefore, some companies offering entirely new services that do not even exist today could also be in the top 10.
If existing Internet companies are well managed, their value could continue to increase. Companies like Amazon.com that were in the top 10 in 2000 and 2022 could still potentially be in the top 10 in 2042 if they continue to grow rapidly and innovate.
Photo by campaign creators on Unsplash
For internet company market caps today, we took Statista’s top 20 internet companies as of June 2022 and re-ranked them based on market caps as of October 7. From this list, we have taken the 10 most valuable ones. Since some of the most valuable internet companies in the world today are private companies, we have used estimates of their current value.
For the market capitalizations of Internet companies in 2000, we used data from Statistics & Data.
10 Most Valuable Internet Companies in 2000 vs. Today
#10 JD.Com, Inc. (NASDAQ: JD)
Market cap as of October 7: $80.68 billion
(NASDAQ:JD) is the 10th most valuable internet company. Given the slowing Chinese economy and the risk of delisting, JD.Com, Inc. (NASDAQ:JD) is down 27% year-to-date.
Of the 895 hedge funds in our database, 62 were long on JD.Com, Inc. (NASDAQ: JD) at the end of the second quarter. Among them, Hillhouse Capital Management owns nearly 8.5 million shares of JD.Com, Inc. (NASDAQ: JD) in Q2 2022.
In 2000, Ivillage, which operated popular sites aimed at women, was the 10th most valuable Internet company with a market capitalization of $2.1 billion.
Alongside Meta Platforms, Inc. (NASDAQ:META), Amazon.com, Inc. (NASDAQ:AMZN), and Alphabet Inc. (NASDAQ:GOOG), JD.Com, Inc. (NASDAQ:JD) is one of the most valuable Internet businesses today.
#9 Netflix, Inc. (NASDAQ: NFLX)
Market cap as of October 7: $101.76 billion
Netflix, Inc. (NASDAQ: NFLX) is a subscription streaming service and production company. As of the second quarter of 2022, Netflix, Inc. (NASDAQ: NFLX) had more than 220 million paid subscribers worldwide. Although its growth has slowed considerably due to competition and market saturation, Netflix, Inc. (NASDAQ: NFLX) is also working on developing games that could provide the company with more growth opportunities.
After being subscriber-only for many years, Netflix, Inc. (NASDAQ:NFLX) is also entering the streaming market with ads to hopefully reverse subscriber losses.
With a market cap of $101.76 billion, Netflix is the 9th most valuable internet company.
95 hedge funds we track were long on Netflix, Inc. (NASDAQ: NFLX) at the end of Q2 2022.
In 2000, the 9th most valuable internet company was Look Smart with a valuation of $3.6 billion. Look Smart was an American search advertising, content management and online media company.
#8 Paypal Holdings, Inc. (NASDAQ: PYPL)
Market cap as of October 7: $107.47 billion
Paypal Holdings, Inc. (NASDAQ: PYPL) is a leading online payment company with 429 million active accounts in more than 200 markets. Considering its huge user base that uses its platform every day, Paypal Holdings, Inc.’s (NASDAQ:PYPL) low transaction fees make it very profitable.
With a market capitalization of $107.47 billion as of October 7, Paypal Holdings, Inc. (NASDAQ: PYPL) is also the eighth most valuable internet company in the world. 97 hedge funds in our database were long Paypal Holdings, Inc. (NASDAQ:PYPL) at the end of Q2 2022, with Fisher Asset Management being a top holder.
In 2000, the eighth most valuable Internet company was the Excite web portal with a market valuation of $6.3 billion.
Market cap as of October 7: $136.31 billion
Meituan is a leading Chinese shopping platform that offers food delivery. With 684.7 million annual transacting users and also 9.2 million annual active merchants as of June 30, 2022, Meituan is one of China’s largest internet companies. With a market capitalization of $136.31 billion as of October 7, Meituan is also the seventh most valuable internet company today.
In 2000, the seventh most valuable company was Priceline with a valuation of $7.6 billion. Priceline, which allowed customers to name their own price for flights and hotels, has since become Booking Holdings Inc.
#6 Alibaba Group Holding Limited (NYSE: BABA)
Market cap as of October 7: $212.58 billion
Alibaba Group Holding Limited (NYSE: BABA) is one of China’s leading e-commerce and cloud companies. Given its e-commerce and cloud market share in China, Alibaba Group Holding Limited (NYSE:BABA) is the world’s sixth most valuable internet company with a market capitalization of $212.58 billion as of October 7. Although profitable, the market priced Alibaba Group Holding Limited (NYSE:BABA) lower due to delisting risk as well as a slowing Chinese economy. 106 hedge funds in our database were long on Alibaba Group Holding Limited (NYSE: BABA) at the end of Q2 2022.
In 2000, Interactivecorp was the sixth largest Internet company with a market capitalization of $8.8 billion. Interactivecorp is an internet holding company with various internet properties.
As Alibaba Group Holding Limited (NYSE:BABA), Meta Platforms, Inc. (NASDAQ:META), Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOG) are among the most valuable Internet companies in the world. businesses today.
Click to continue reading and see the 5 Most Valuable Internet Companies in 2000 vs Today.
Disclosure: none. 10 Most Valuable Internet Companies in 2000 vs. Today is originally published on Insider Monkey.
#Valuable #Internet #Companies #Today