AMZN - Buying This Magnificent Stock at $74 Could Be Like Buying Amazon in 2016
2024-05-20 05:00:00 ET
Amazon (NASDAQ: AMZN) was founded in 1994 to sell products using the Internet. Since then, it has become the dominant player in the e-commerce industry. However, the company has also expanded into other areas, such as cloud computing, streaming, and digital advertising.
Shares of Amazon have climbed more than fivefold since 2016, and while e-commerce remains the company's largest source of revenue, its other businesses have played a notable role in that value creation.
Sea Limited (NYSE: SE) is on a similar path to Amazon, although at a much earlier stage. E-commerce is the company's core segment, but it's also finding success in other areas of the digital economy, such as gaming and financial services.
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Buying This Magnificent Stock at $74 Could Be Like Buying Amazon in 2016