Will Coupang Be Worth More Than Amazon by 2030?
A lot of investors are looking for the next Amazon (NASDAQ: AMZN). With returns of 173,000% since its initial public offering and 1,776% returns over the last 10 years, long-term investors in the U.S. technology giant have gotten life-changing returns. If you can find younger companies with the opportunity to grow to the size of Amazon, there's a chance they could provide comparable stock returns as well. One company that fits this mold is Coupang (NYSE: CPNG), a South Korean e-commerce company with similar operating characteristics to Amazon.
Can Coupang be worth more than Amazon by 2030? Let's take a look.
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Source Fool.com