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Social's Palihapitiya sees Amazon worth $3 trillion

Chamath Palihapitiya speaking at the Sohn conference in New York, May 4, 2016
David A. Grogan | CNBC
Chamath Palihapitiya speaking at the Sohn conference in New York, May 4, 2016

Chamath Palihapitiya, founder and CEO of Social Capital, said Amazon.com will be worth $3 trillion in 10 years and its retail business unit won't be the biggest factor in driving the shares to that value.

The idea from the former senior member of the investment team at Facebook was presented Wednesday at the Sohn Investment Conference in New York.