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MercadoLibre (NASDAQ: MELI), the leading e-commerce company in Latin America, has been unstoppable lately.The stock rose more than 50% in the last 12 months alone, bringing its total return to a ...
Mercado Libre operates under five main business units. MarketPlace is its platform for users to sell products, Mercado Pago is its payment platform for online sales, Mercado Publicado is the advertising portion of Mercado Libre, Mercado Shops is a tool designed to enhance the platform's overall ecosystem, [34] and Mercado Crédito is the company's credit line.
MercadoLibre has responded in a few ways; it launched a short video platform called Clips in 2023 that mirrors its Asian rivals. But so far the new competition hasn’t made much of a dent in ...
3. A swelling bottom line. MercadoLibre isn't just good at drumming up business -- it's proven adept at turning sales into profits. Net income increased 103% in the second quarter, and a profit ...
Marcos Eduardo Galperin (born 31 October 1971) is an Argentine billionaire businessman, who is best known as the co-founder, Chairman, President and CEO of Mercado Libre. With an estimated net worth of $6.8 billion dollars, as of July 2024, he is the wealthiest person in Argentina. [1]
Lapsus$. Lapsus$, stylised as LAPSUS$ and classified by Microsoft as Strawberry Tempest, [1] is an international extortion -focused [2] hacker group known for its various cyberattacks against companies and government agencies. [3][4] The group was active in several countries, and has had its members arrested in Brazil and the UK in 2022. [5]
Additionally, MercadoLibre became profitable on an annual basis in 2021, and its net income growth has increased from there. In the first half of 2024, net income rose 89% to $875 million.
E-commerce in Mexico. The e-commerce market in Mexico in 2015 was estimated by Forbes to be 12 billion U.S. dollars [1] and by the Mexican Internet Association AMIPCI to be 257.1 billion Mexico pesos (about 15.6 billion U.S. dollars). [2] This represented 1.6–2% of all retail sales vs. a global average of 7%. [3][4]