Activist investor Daniel Loeb, whose Third Point LLC counts Amazon.com Inc. as one of its biggest holdings, told investors on Wednesday he sees about $1 trillion in untapped value in the trading giant. electronic.
Mr. Loeb said in a private call with hedge fund investors that the market did not recognize the full value of Amazon’s two disparate businesses, its core e-commerce business and its Amazon Web Services cloud unit, according to sources. people familiar with the matter. The call reviewed Third Point’s performance in 2021 and its outlook for the markets and a number of stocks were discussed.