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Is This Competitor Coming for MercadoLibre Stock?

·4-min read
Is This Competitor Coming for MercadoLibre Stock?

The reopening headwind affected every company in the e-commerce industry, including MercadoLibre Inc (NASDAQ: MELI). MercadoLibre has been an e-commerce powerhouse. MercadoLibre's success is remarkable since even the e-commerce juggernaut Amazon -- despite its success in many regions, including North America and Europe -- couldn't match its smaller peer in Latin America.