Baron Funds Comments on Amazon.com Inc.

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Nov 10, 2015

Shares of Amazon.com, Inc. (AMZN, Financial) rose after the company reported another better-than-anticipated quarter. Having recently disclosed that Amazon Web Services (AWS) was more profitable than many investors anticipated, the continued growth in both the retail and AWS business provided investors with greater confidence in the company’s future growth plans. With e-commerce representing around 10% of global retail sales, we believe the structural shift to online retailing represents a multi-year growth opportunity for Amazon.

From Baron Opportunity Fund's third quarter 2015 letter.