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Daniel Loeb Sees $1 Trillion in Untapped Value in Amazon


Activist investor Daniel Loeb, whose Third Point LLC counts 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. 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 AMZN, +1.02% two disparate businesses, its core e-commerce operation and its Amazon Web Services cloud unit, according to people familiar with the matter...

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