As of September 2023, Amazon's market capitalization was more than 1.8 trillion U.S. dollars, making it the most valuable internet company by market capitalization worldwide. Second-ranked Alphabet had a market capitalization of approximately 1.8 trillion U.S. dollars. Social networking company Meta Platforms (née Facebook Inc.) ranked third. Facebook is the leading social network worldwide and has successfully taken advantage of the increasingly mobile online environment.
Amazon's position in the market
Amazon is one of the biggest internet companies worldwide by revenue. It generates profit from its position as the world's largest online retailer; in 2023, the company's net sales revenue amounted to 574.78 billion U.S. dollars. The e-commerce giant's net revenue generated through online stores, was 231.87 billion U.S. dollars.
Google and its most profitable services
Google uses its advertisement services, such as Google AdWords – which takes advantage of Google searches and appears as small advertisements next to search results – and Google AdSense, which generates advertisements based on a user's search history and location, among others. Advertisements based on AdSense appear across Google-owned sites, including YouTube and Google Finance. The online company also profits from the development of Android OS, licensing, and mobile apps. In 2023, Google’s total revenue amounted to 305.63 billion U.S. dollars.
Market capitalization of the largest U.S. internet companies as of February 2024
(in billion U.S. dollars)
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CompaniesMarketCap.com. (February 23, 2024). Market capitalization of the largest U.S. internet companies as of February 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 18, 2024, from https://www.statista.com/statistics/209331/largest-us-internet-companies-by-market-cap/
CompaniesMarketCap.com. "Market capitalization of the largest U.S. internet companies as of February 2024 (in billion U.S. dollars)." Chart. February 23, 2024. Statista. Accessed October 18, 2024. https://www.statista.com/statistics/209331/largest-us-internet-companies-by-market-cap/
CompaniesMarketCap.com. (2024). Market capitalization of the largest U.S. internet companies as of February 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 18, 2024. https://www.statista.com/statistics/209331/largest-us-internet-companies-by-market-cap/
CompaniesMarketCap.com. "Market Capitalization of The Largest U.S. Internet Companies as of February 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Feb 2024, https://www.statista.com/statistics/209331/largest-us-internet-companies-by-market-cap/
CompaniesMarketCap.com, Market capitalization of the largest U.S. internet companies as of February 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/209331/largest-us-internet-companies-by-market-cap/ (last visited October 18, 2024)
Market capitalization of the largest U.S. internet companies as of February 2024 (in billion U.S. dollars) [Graph], CompaniesMarketCap.com, February 23, 2024. [Online]. Available: https://www.statista.com/statistics/209331/largest-us-internet-companies-by-market-cap/