Research · refreshed nightly · August 17, 2026
The Internet Platforms Still Compounding (October 2026)
Internet platforms still compounding.
Network effects age at different speeds. Reddit tops our 14 internet platforms still compounding with an MGI of 70 on 39% revenue growth, while Meta, the most entrenched network of all at a $1.45 trillion cap, sits tenth at 49. The index measures room left to compound, not dominance already banked.
Between those poles the median is 59, one of the stronger groups in this set. The per-share column is where the ranking earns its keep: Reddit's 39% headline shrinks to 5% per share once new stock is counted, while MercadoLibre's 35% survives fully intact. Click any name for the full citation-backed analysis.
33companies qualify
51median MGI
0joined this week
The ranking
Sorted by MGI
1
Reddit, Inc.RDDT🇺🇸
Revenue +42%/yr · +8%/yr per share · asset light
G 74V 62O 77Cap $33.8B
MGI
74
MVI
62
MTI
45
MOI
77
Cap
$33.8B
Growth
+61%2
MercadoLibre, Inc.MELI🇺🇾
Revenue +38%/yr · +37%/yr per share · scale economics
G 73V 72O 84Cap $89.8B
MGI
73
MVI
72
MTI
38
MOI
84
Cap
$89.8B
Growth
+50%3
AL
Allegro.eu S.A.ALE.PL🇵🇱
Revenue +17%/yr · +17%/yr per share · asset light
G 70V 75O 78Cap $7.2B
MGI
70
MVI
75
MTI
44
MOI
78
Cap
$7.2B
Growth
+17%4
KANZHUN LIMITEDBZ🇨🇳
Revenue +15%/yr · +2%/yr per share · asset light
G 68V 61O 73Cap $6.9B
MGI
68
MVI
61
MTI
46
MOI
73
Cap
$6.9B
Growth
+8%5
Pinterest, Inc.PINS🇺🇸
Revenue +12%/yr · +14%/yr per share · asset light
G 66V 63O 69Cap $12.8B
MGI
66
MVI
63
MTI
52
MOI
69
Cap
$12.8B
Growth
+18%6
Spotify Technology S.A.SPOT🇸🇪
Revenue +13%/yr · +11%/yr per share · scale economics
G 63V 61O 68Cap $107.4B
MGI
63
MVI
61
MTI
42
MOI
68
Cap
$107.4B
Growth
+14%7
ACV Auctions Inc.ACVA🇺🇸
Revenue +17%/yr · +10%/yr per share · asset light
G 62V 67O 68Cap $1.3B
MGI
62
MVI
67
MTI
48
MOI
68
Cap
$1.3B
Growth
+12%8
Airbnb, Inc.ABNB🇺🇸
Revenue +17%/yr · +17%/yr per share · asset light
G 61V 59O 66Cap $98.2B
MGI
61
MVI
59
MTI
52
MOI
66
Cap
$98.2B
Growth
+17%9
Hostelworld Group plcHSW.IE🇮🇪
Revenue +42%/yr · +39%/yr per share · asset light
G 60V 63O 63Cap $180.6M
MGI
60
MVI
63
MTI
43
MOI
63
Cap
$180.6M
Growth
+2%10
Full Truck Alliance Co. Ltd.YMM🇨🇳
Revenue +22%/yr · +12%/yr per share · asset light
G 59V 66O 65Cap $9.2B
MGI
59
MVI
66
MTI
52
MOI
65
Cap
$9.2B
Growth
+6%11
Scout24 SEG24.DE🇩🇪
Revenue +13%/yr · +18%/yr per share · asset light
G 59V 57O 63Cap $6.1B
MGI
59
MVI
57
MTI
42
MOI
63
Cap
$6.1B
Growth
+29%12
DoorDash, Inc.DASH🇺🇸
Revenue +27%/yr · +20%/yr per share · asset light
G 57V 56O 60Cap $87.3B
MGI
57
MVI
56
MTI
47
MOI
60
Cap
$87.3B
Growth
+36%13
Uber Technologies, Inc.UBER🇺🇸
Revenue +26%/yr · +23%/yr per share · scale economics
G 56V 57O 59Cap $151.2B
MGI
56
MVI
57
MTI
52
MOI
59
Cap
$151.2B
Growth
+15%14
Grindr Inc.GRND🇺🇸
Revenue +28%/yr · +24%/yr per share · asset light
G 54V 65O 60Cap $2.6B
MGI
54
MVI
65
MTI
52
MOI
60
Cap
$2.6B
Growth
+38%15
GigaCloud Technology IncGCT🇺🇸
Revenue +29%/yr · 0%/yr per share · scale economics
G 54V 65O 58Cap $1.9B
MGI
54
MVI
65
MTI
62
MOI
58
Cap
$1.9B
Growth
+32%16
Liquidity Services, Inc.LQDT🇺🇸
Revenue +13%/yr · +15%/yr per share · scale economics
G 53V 54O 54Cap $1.3B
MGI
53
MVI
54
MTI
43
MOI
54
Cap
$1.3B
Growth
+4%17
Autotrader Group plcAUTO.GB🇬🇧
Revenue +10%/yr · +12%/yr per share · asset light
G 51V 60O 56Cap $5.5B
MGI
51
MVI
60
MTI
33
MOI
56
Cap
$5.5B
Growth
+4%18
AUTO1 Group SEAG1.DE🇩🇪
Revenue +14%/yr · +13%/yr per share · scale economics
G 50V 63O 53Cap $5.6B
MGI
50
MVI
63
MTI
42
MOI
53
Cap
$5.6B
Growth
+14%19
Xometry, Inc.XMTR🇺🇸
Revenue +30%/yr · +13%/yr per share · scale economics
G 47V 53O 48Cap $5.5B
MGI
47
MVI
53
MTI
44
MOI
48
Cap
$5.5B
Growth
+41%20
Opera LimitedOPRA🇳🇴
Revenue +21%/yr · +27%/yr per share · asset light
G 47V 62O 50Cap $1.8B
MGI
47
MVI
62
MTI
60
MOI
50
Cap
$1.8B
Growth
+23%21
Brave Bison Group plcBBSN.GB🇬🇧
Revenue +30%/yr · +7%/yr per share · asset light
G 44V 58O 45Cap $136.5M
MGI
44
MVI
58
MTI
55
MOI
45
Cap
$136.5M
Growth
+66%22
Baltic Classifieds Group PLCBCG.LT🇱🇹
Revenue +10%/yr · +10%/yr per share · asset light
G 43V 56O 45Cap $1.1B
MGI
43
MVI
56
MTI
33
MOI
45
Cap
$1.1B
Growth
+15%23
Lyft, Inc.LYFT🇺🇸
Revenue +16%/yr · +12%/yr per share · scale economics
G 41V 67O 44Cap $6.1B
MGI
41
MVI
67
MTI
63
MOI
44
Cap
$6.1B
Growth
+14%24
NerdWallet, Inc.NRDS🇺🇸
Revenue +18%/yr · +10%/yr per share · asset light
G 40V 70O 44Cap $618.8M
MGI
40
MVI
70
MTI
65
MOI
44
Cap
$618.8M
Growth
+6%25
Sprout Social, Inc.SPT🇺🇸
Revenue +21%/yr · +18%/yr per share · asset light
G 38V 64O 41Cap $528.3M
MGI
38
MVI
64
MTI
60
MOI
41
Cap
$528.3M
Growth
+21%26
Meta Platforms, Inc.META🇺🇸
Revenue +14%/yr · +17%/yr per share · asset light
G 37V 57O 40Cap $1.47T
MGI
37
MVI
57
MTI
45
MOI
40
Cap
$1.47T
Growth
+28%27
EverQuote, Inc.EVER🇺🇸
Revenue +13%/yr · +7%/yr per share · asset light
G 37V 62O 40Cap $849.5M
MGI
37
MVI
62
MTI
55
MOI
40
Cap
$849.5M
Growth
+25%28
Upwork Inc.UPWK🇺🇸
Revenue +9%/yr · +8%/yr per share · asset light
G 36V 68O 39Cap $1.1B
MGI
36
MVI
68
MTI
68
MOI
39
Cap
$1.1B
Growth
+1%29
MediaAlpha, Inc.MAX🇺🇸
Revenue +14%/yr · +12%/yr per share · scale economics
G 30V 65O 33Cap $736.5M
MGI
30
MVI
65
MTI
52
MOI
33
Cap
$736.5M
Growth
+26%30
Tripadvisor, Inc.TRIP🇺🇸
Revenue +15%/yr · +18%/yr per share · asset light
G 29V 70O 31Cap $1.4B
MGI
29
MVI
70
MTI
70
MOI
31
Cap
$1.4B
Growth
-16%31
HomeToGo SEHTG.DE🇩🇪
Revenue +24%/yr · +10%/yr per share · asset light
G 25V 65O 26Cap $214.8M
MGI
25
MVI
65
MTI
63
MOI
26
Cap
$214.8M
Growth
+72%
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Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-08-17.