From a price-performance point of view, 2021 was not good for the shareholders of Argentine Internet retailer Mercadolibre (NASDAQ: MELI), as its shares fell by more than 15% and significantly underperformed the overall market. Like other online retailers and stay-at-home stocks, Mercadolibre gave way to other stocks, such as finance, materials and manufacturing. Most restrictions were eased last year as the COVID-19 crisis improved globally, allowing people to resume their normal lives and reducing the time spent on online activities.
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