These are the dominant forces in their respective geographies and niches.
Furthermore, depending on the valuation you'd like to give to
$AMZN's AWS segment, its e-commerce operations look very cheap now (if not damn near free).
Now compare this $135B and whatever Amazon's e-commerce operations are worth with global retail e-commerce figures expected to reach $7 trillion by 2025.
This is an apples to oranges comparison, and many other companies are involved -- but this difference feels too large not to at least acknowledge.
One year ago, Sea was worth $180 billion alone.
Now, this whole group is $135 billion.
The risk/reward has become fascinating across these stocks -- Amazon included.
And all of this comes with no mention of each company's optionality -- most of which are still relatively nascent.
Call me a sucker for roughed-up growth stocks, but I will gladly keep adding.