Shares of Global-E Online (NASDAQ: GLBE) charged sharply higher Tuesday, surging as much as 29.5%. Global-E Online generated second-quarter revenue of $87.3 million, which jumped 52% year over year, pushed higher by gross merchandise volume (GMV) of $534 million, which surged 64%.
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.
Among Amazon, Shopify, and Tesla stands one company that's simply never been cheaper and is begging to be bought.