Activist Investor Daniel Loeb Sees Roughly $ 1 Trillion of Untapped Value in Amazon
Activist investor Daniel Loeb, whose Third Point LLC counts Amazon.com Inc. as one of its biggest holdings, told investors on Wednesday that he sees roughly $ 1 trillion in untapped value at the e-commerce giant.
Mr. Loeb said on a private call with the hedge fund’s investors that the market is failing to recognize the full value of Amazon’s two disparate businesses, its core e-commerce operation and its Amazon Web Services cloud unit, according to people familiar with the matter. The call reviewed Third Point’s 2021 performance and its outlook on markets and a number of stocks were discussed.