Stat Watch - The Wealthiest Web Tech Comapnies
The world of Web technology is vast and, like our universe, expanding every day.
In the technology space it is a challenge to stay a mega-hit (just ask Myspace). Those that have achieved megastar status can, however, withstand the ravages of time if they focus on evolving, creating and updating products and services to meet new challenges and expectations.
Google presents the perfect example of a company that shows no signs of slowing down. The powerful conglomerate has reached its seemingly never-ending arms into numerous ventures including driver-less cars, wearable technology and a line of smartphones, which all contribute to its nearly $400 billion market value.
Facebook is not to be forgotten when discussing the wealthiest Web tech companies. Through its constantly evolving experience for end-users and innovative ad programs for brands large and small, Facebook’s commitment to innovation has led to the company’s impressive $202.9 billion market value.
By comparison, Amazon’s market value is estimated at $148.2 billion – far behind Alibaba’s worth. Even though it’s a newcomer to the public market, Alibaba is one of the most valuable Web technology companies in the world with a market value of $224.2 billion. The Chinese online retailer, which provides a service much like Amazon, is now worth more than the two most popular e-marketplaces in the U.S. (Amazon and eBay), combined.
With new technology being introduced every day, there is no guarantee that in 10 years all, or any, of these companies will retain their elite status. The only surefire way to stay ahead of the motivated competition is to constantly innovate. Otherwise, brands risk falling by the wayside.