$MercadoLibre(MELI)$ The recent 20% dip in MercadoLibre’s stock price reflects mounting geopolitical and macroeconomic concerns rather than any fundamental flaw in the business. The primary macro headwind was Brazil’s announcement of a $12B spending cut through 2026, paired with tax hikes on the wealthy and exemptions for lower-income citizens -- which utterly failed to inspire confidence among investors. In the short term, MercadoLibre felt the blow.But the numbers tell a more compelling story -- one of a business defying its environment with an audacious commitment to growth. In Q3 2024, MercadoLibre posted revenue of $5.3B, up 35% YoY and surpassing analyst expectations. Strip away currency distortions, and that growth balloons to an extraordin
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