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MELI Jun 2025 860.000 call
- Reuters
MercadoLibre investments in Brazil this year to top initial forecast
Latin American e-commerce giant MercadoLibre expects its investments in Brazil this year to exceed the 23 billion reais ($4.35 billion) initially planned due to higher-than-expected sales, local marketplace head Fernando Yunes said on Wednesday. He told reporters the revised capital expenditure plan cannot be fully disclosed at the moment as it is still in the works, but noted the firm now forecasts to hire 11,000 people in Brazil this year, up from a previous estimate of 6,500. MercadoLibre intends to allocate part of the new staff in two new distributions centers it plans to open in Brazil this year, in the city of Porto Alegre and in Brasilia, the capital, Yunes said.
- Insider Monkey
Here’s How MercadoLibre (MELI) Benefitted from its Alternative Payment System
Harding Loevner, an asset management company, released its “Emerging Markets Equity Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund declined 0.1% gross of fees and fell short of the MSCI Emerging Markets Index, which posted a return of 2.4%. Weak stock selection in […]
- StockStory
Online Marketplace Stocks Q1 Highlights: Teladoc (NYSE:TDOC)
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter's best and worst performers in the online marketplace industry, including Teladoc (NYSE:TDOC) and its peers.
