Internet Boom Times Are Over, Says Mary Meeker’s Influential Report
Are the Internet Boom Times Over?
Growth of internet users worldwide is essentially flat, and smartphone growth is slowing, too. Those sobering insights were among the hundreds packed into the much-awaited Internet Trends report, an annual tech industry ritual led by Mary Meeker, a general partner at Kleiner Perkins Caufield & Byers.
Wearing an Apple Watch while standing at a podium onstage at Recode's technology conference in Rancho Palos Verdes, California, on Wednesday, Meeker blazed through highlights from her 213-slide presentation in roughly 20 minutes. She said the number of global internet users hovers around 3 billion, with new ones slow to come online. She attributed the slowdown to stagnating gross domestic product. Global GDP growth in six of the last eight years was below the 20-year average.