The deterioration in Amazon’s profitability has seen the company’s share price and management team coming under significant pressure over the last few months. Given that Amazon is a key holding within our Private Clients Global Equity Portfolio, the investment team reviewed their long-term investment case for the business. In the attached note, Tasneem Samodien, Research Analyst at Private Clients by Old Mutual Wealth provides some context around Amazon’s current situation and future prospects, and explains why their long-term investment case for this business remains intact.