The Amazon logo is displayed at the Nasdaq MarketSite, in New York's Times Square, Tuesday, May 30, 2017. (AP Photo/Richard Drew)
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If you had to act like a genuine long-term investor – to buy into one sector and hold it for 10 years – which would you choose?That would take you straight to the huge technology companies listed in the US. They have been fabulous stock market performers: shares in Amazon have risen 30 per cent this year alone and one share will now set you back nearly $1,000 .Amazon manages over 40 per cent of book sales in the US and has a 74 per cent share of the US ebook market.Facebook has 1.5bn users who spend an average of 50 minutes on the site a day. With its subsidiaries, it takes 70 per cent of US social media traffic. It will be one of the five largest companies in the US by market cap: Apple, Alphabet (Google's parent), Microsoft, Amazon or Facebook.Maybe Amazon should be split by product line or Facebook forced to sell off Instagram.
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