Hi I used to like SEA which is holding company of Shopee. Bu...
Hi I used to like SEA which is holding company of Shopee. But all these online companies are burning cash as we speak. Will there be an end to all these cash burning? I still like Amazon the best as I think it will outlast, outrun and beat all its competitors in the long run.
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MomentumPython1337 : amazon is not just an ecommerce company, did you know they already got regulatory approval for robotaxi in California. meanwhile elon musk talks so much but he doesn't even have the approval yet! lol! (californian authorities confirmed this, you can search it as well)
https://www.bloomberg.com/news/newsletters/2024-06-06/amazon-s-zoox-is-almost-ready-to-launch-its-robotaxi-service
MomentumPython1337 : their cloud business is bound to grow together with greater adoption of AI as well.
i have SEA shares as a value play as it's quite undervalued imo but I am more convicted in AMZN