5 Most Valuable Internet Companies in 2000 vs. Today

#2 Amazon.com, Inc. (NASDAQ:AMZN)

Market Capitalization as of October 7: $1,185.68 billion

Amazon.com, Inc. (NASDAQ:AMZN) is a leader in e-commerce and cloud computing. Given how big the e-commerce market is, and how fast the cloud computing market is still growing, Amazon.com, Inc. (NASDAQ:AMZN) is valued at $1,185.68 billion as of October 7, making it the second most valuable internet company in the world. 252 hedge funds we track were long Amazon.com, Inc. (NASDAQ:AMZN) at the end of the second quarter with Fisher Asset Management owning over 48.6 million shares.

Amazon.com, Inc. (NASDAQ:AMZN) was also the second most valuable company in 2000, although at a much lower valuation. Back in 2000, the company was only worth $25.5 billion and did not offer cloud computing to its customers.