Amazon Will Be a Three Trillion Dollar Company (AMZN)

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AMZN
Amazon.com Inc
1,588.18 -0.64%
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Investors looking to go long in retail should seriously consider Amazon.com Inc (AMZN
AMZN
Amazon.com Inc
1,588.18
-0.64%

), according to venture capitalist Chamath Palihapitiya.

Palihapitiya, CEO and founder of Social Capital LP, speaking at the Sohn Investment Conference in New York Wednesday, said Amazon was a “multi-trillion dollar monopoly hiding in plain sight”. He predicts that within 10 years the company will be worth $3 trillion.

Amazon's trillion dollar leap will be helped by three main components of its business: Retail, web services and innovative business practices, according to Palihapitiya. Further breaking down the numbers, he clarified -- $1 trillion will come from its retail operations, $1.5 trillion from Amazon Web Services (AWS) and $0.5 trillion from cash and other investments



Read more: Amazon Will Be a Three Trillion Dollar Company (AMZN) | Investopedia https://www.investopedia.com/articles/insights/050516/amazon-will-be-three-trillion-dollar-company-amzn.asp#ixzz59j2dxGgc
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