Motley Fool: The Amazon.com of Latin America - NewsBreak

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By Hernandez in Business
Updated 3 years ago

MercadoLibre (Nasdaq: MELI), often referred to as "the Amazon.com of Latin America," is the leader in one of the fastest-growing e-commerce markets in the world. The company has reported phenomenal revenue growth for a long time, and investors have reaped the rewards. Over the past five years, revenue has grown more than 500%, with shares rising around 950% in that period. If you think it's too late to jump on board, consider its recent performance: In the second quarter, currency-neutral revenue doubled over year-ago levels.

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