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Why MercadoLibre Stock Triumphed on Thursday

Why MercadoLibre Stock Triumphed on Thursday

Thursday's trading session was very kind to South American e-commerce company MercadoLibre (NASDAQ: MELI). In an interview with Reuters, MercadoLibre chief financial officer Pedro Arnt said that his company was in discussions with Meta Platforms (NASDAQ: META) to process payments for the latter's WhatsApp secure messaging service in Brazil. According to Arnt, MercadoLibre is in the testing phase to be one of the companies providing this type of fintech service for the app.