Amazon.com, Inc. (NASDAQ:AMZN) is a massive business that is a becoming a massive challenge for retailers day by day. Well, if you don’t know that Amazon poses a big threat to retailers, you might be from another planet. Launched as an online bookstore in 1994 by Jeff Bezos, Amazon has become an e-commerce behemoth with a market cap of more than $527 billion. In this piece, we will take a look at some interesting comments about Amazon made by two hedge funds – Horizon Kinetics and Wedgewood Partners – in their Q3 investor letters. First, let’s take a look at what Horizon Kinetics said about Amazon.
Amazon is the fourth most valuable public company in the world, the largest internet firm by revenue in the world, and the eighth largest employer in the United States, according to a report from CNBC. Amazon is one of the most popular stocks among hedge funds tracked by Insider Monkey. There were 132 funds in our database with bullish positions in the tech giant.