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.