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Why MercadoLibre Stock Was Punished by 5.3% Today

·2-min read
Why MercadoLibre Stock Was Punished by 5.3% Today

Shares of Latin America's e-commerce and digital economy leader MercadoLibre (NASDAQ: MELI) were down 5.3% on Wednesday. Its total number of users (both in commerce and in digital payments) are also climbing at a fast clip.