The internet industry is expected to grow due to rapid digitization, an increasing global user base, and technological advancements such as 5G networks and artificial intelligence. Therefore, it could be wise to own fundamentally strong internet stocks Meta Platforms, Inc. (META), Yelp Inc. (YELP) and Liquidity Services, Inc. (LQDT).
According to DataReportal, 5.30 billion people worldwide were using the internet at the start of fourth quarter 2023, which accounts for 65.7% of the world’s total population. Internet users are also increasing, with the most recent data indicating that the world’s connected population increased by more than 189 million people in the year leading up to October 2023.
