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3 Things About MercadoLibre Stock That Smart Investors Know

3 Things About MercadoLibre Stock That Smart Investors Know

Latin American e-commerce leader MercadoLibre (NASDAQ: MELI) is no different as it has fallen 32%. While challenges in the U.S. and Europe take a toll on the global economy, e-commerce adoption in Latin America hasn't skipped a beat. This helped MercadoLibre see expansion rates this year that U.S. e-commerce companies could only dream of, and its second-quarter revenue soared 52% to $2.6 billion.