SAO PAULO (Reuters) -E-commerce giant MercadoLibre Inc said on Monday it has filed complaints against Apple Inc with antitrust regulators in Brazil and Mexico for anti-competitive practices, accusing the U.S.-based firm of abusing what it called a monopoly in the distribution of apps for its devices. In a statement, the e-commerce giant said that Apple had imposed a series of restrictions on the distribution of digital goods and in-app purchases, including banning apps from distributing third-party digital goods and services such as movies, music, video games, books and written content. In the complaint, the South American company criticized the California tech giant for requiring developers who offer digital goods or services within apps to use Apple's own payment system and stopping them from redirecting buyers to their websites."This clearly harms its competitors, unless they are integrated digital giants themselves, who may even benefit from this artificial tilt towards integrated ecosystems," Jacobo Cohen Imach, senior vice president of legal and public affairs said in a statement.
MercadoLibre (NASDAQ: MELI) is an e-commerce and financial technology company operating in Latin America. The stock is down significantly in 2022, with some investors asking whether it's an excellent time to buy MercadoLibre stock.
Latin American e-commerce giant MercadoLibre (NASDAQ: MELI), law enforcement technology company Axon Enterprise (NASDAQ: AXON), shoe maker Crocs (NASDAQ: CROX), equipment rental provider United Rentals (NYSE: URI), and retail landlord Tanger Factory Outlet Centers (NYSE: SKT) are five stocks I believe can beat the market over the long haul. Below is an explanation of why I own each stock for the long haul. Surprisingly, I only started buying MercadoLibre stock in 2022.