The company is on the receiving end of low investor confidence in the market, but its business is booming.
Thursday's trading session was very kind to South American e-commerce company MercadoLibre (NASDAQ: MELI). In an interview with Reuters, MercadoLibre chief financial officer Pedro Arnt said that his company was in discussions with Meta Platforms (NASDAQ: META) to process payments for the latter's WhatsApp secure messaging service in Brazil. According to Arnt, MercadoLibre is in the testing phase to be one of the companies providing this type of fintech service for the app.
Fortune favors the optimist, and buying stocks while they are down 40%, 50%, or more can prove to be incredible opportunities. Here's why PubMatic (NASDAQ: PUBM) and MercadoLibre (NASDAQ: MELI) look too cheap to pass up right now.