MercadoLibre (MELI) provides the largest online commerce and payments ecosystem in Latin America. The company provides users a mechanism for buying, selling, and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. It has operations in 18 countries including, Argentina, Brazil, Mexico, Colombia, Chile, Venezuela, and Peru, and was founded in 1999, having its base in Argentina. Compared to similar e-commerce companies, shares of MercadoLibre have underperformed except for Alibaba (BABA) which has fallen the most in 2021. (The Alibaba Stock Forecast can be found here.) MELI stock has losses of about 28% in 2021.
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MercadoLibre (NASDAQ:MELI)
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MercadoLibre (NASDAQ:MELI)
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