MercadoLibre (MELI) operates the largest e-commerce ecosystem in Latin America in terms of unique visitors and page views. The company has a vibrant presence in 18 countries, including Brazil, Argentina, Mexico, Chile, and Peru, facilitating commerce through its marketplace platform, allowing users to buy and sell in most of Latin America. MercadoLibre's other services comprise fintech solutions, advertising, e-store setup, and loan financing. Due to its parallel operations and continuously-expanding e-commerce model, MercadoLibre is often referred to as the Amazon (AMZN) of Latin America. While shares have constantly seen new highs amid the company's expanding financials, the stock has lost around 38% of its value over the past year.
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MercadoLibre (NASDAQ:MELI)
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MercadoLibre (NASDAQ:MELI)
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