5 Most Valuable Internet Companies in 2000 vs. Today

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

Market Capitalization as of October 7: $360.58 billion

Meta Platforms, Inc. (NASDAQ:META) is an internet giant given its ownership of the popular apps Facebook, Instagram, and Whatsapp.

Although it was worth substantially more before the market decline, Meta Platforms, Inc. (NASDAQ:META) is still nevertheless the third most valuable internet company with a market capitalization of $360.58 billion as of October 7.

In addition to its leading social media apps, Meta Platforms, Inc. (NASDAQ:META) is also investing heavily in the metaverse, which CEO Mark Zuckerberg expects to be a huge market one day.

Of the 895 hedge funds in our database, 184 were long Meta Platforms, Inc. (NASDAQ:META) at the end of Q2 2022.

Back in 2000, the third most valuable internet company was Infospace with a market cap of around $21.1 billion. Infospace was a company that offered private label search, online directories, and metadata feeds.