With e-commerce stocks selling off as if the idea of the industry is waning, I think it is important to revisit some of my favorite companies in this niche for the next decade.
$GLBE Global-e Online sits at the intersection of direct-to-consumer sales and international growth -- a wildly valuable niche for many brands seeking new customers.
$ETSY Etsy still looks incredibly cheap to me, trading at 23x earnings, and with its new ventures in Elo7 and Depop just starting their journey.
$CPNG Coupang is a play on South Korea's population density and tech-savvy Populus. It could be an exciting lesson in network effects built out through logistical infrastructure, a la
$AMZN, if it can continue boosting margins over time.
$MELI MercadoLibre is an absolute behemoth of a stock with e-commerce, logistics, fintech, and credit operations. This expansion has weighed on the company's FCF lately, but down over 50% from its highs, its premium valuation looks more tempting.