The internet industry is growing considerably, with increased internet penetration worldwide and digitization across almost every sector. Given the industry’s tailwinds, investors could consider buying fundamentally sound internet stocks Coupang, Inc. (CPNG), 1stdibs.Com, Inc. (DIBS), and D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) with significant momentum.
Several factors, including the growing availability of high-speed internet, the rising popularity of online activities like streaming and social media, the growth of e-commerce platforms, and digitalization among businesses, are boosting the internet industry’s growth. In 2023, internet users globally stood at 5.3 billion, which accounts for around two-thirds of the world population.
