MercadoLibre

MercadoLibre Faces ‘Abusive Conduct’ Complaint From Argentine Lenders
MercadoLibre Faces ‘Abusive Conduct’ Complaint From Argentine Lenders
May 07, 2024  |  Digital Payments

Banks in Argentina are reportedly accusing eCommerce giant MercadoLibre’s payments platform of anti-competitive practices. MODO, a digital wallet backed by dozens of Argentine lenders, claims that the company forces...

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iRobot’s 36% Leap Leads CE 100 Index Higher in Shortened Holiday Trading
iRobot’s 36% Leap Leads CE 100 Index Higher in Shortened Holiday Trading
November 27, 2023  |  Connected Economy

The CE 100 Index gained 1.1% in a trading week shortened by the Thanksgiving holiday.  Only one pillar lost ground — the Work segment, which...

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Adyen’s 44% Plunge Drives CE 100 Index Lower 
Adyen’s 44% Plunge Drives CE 100 Index Lower 
August 21, 2023  |  Connected Economy

All of the pillars are down — again. Companies are seeing double-digit plunges — again.  The CE 100 Index continued its slide, where all segments...

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MercadoLibre Announces CFO Transition Amid ‘New Phase of Growth’
MercadoLibre Announces CFO Transition Amid ‘New Phase of Growth’
August 11, 2023  |  Personnel

MercadoLibre has appointed a senior vice president, Martín de los Santos, as its new chief financial officer (CFO). He succeeds Pedro Arnt, who left to pursue new opportunities...

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MercadoLibre Eyes Digitizing Mexico’s Cash Economy Amid Record Growth
MercadoLibre Eyes Digitizing Mexico’s Cash Economy Amid Record Growth
August 03, 2023  |  Earnings

Latin American eCommerce platform MercadoLibre highlighted record growth in the second quarter of 2023, driven primarily by sales growth and cost efficiencies. Net revenue grew 57.2% year...

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MercadoLibre Downgraded as New Tax Rule Promotes eCommerce Competition
MercadoLibre Downgraded as New Tax Rule Promotes eCommerce Competition
July 10, 2023  |  eCommerce

eCommerce giant MercadoLibre could feel a pinch from Brazil’s new tax rules. As Seeking Alpha reported Monday (July 10), Bank of America has lowered its rating on the company...

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MercadoLibre Sees Growth in Commerce and Financial Services in Latin America
MercadoLibre Sees Growth in Commerce and Financial Services in Latin America
May 03, 2023  |  eCommerce

MercadoLibre says it’s taking advantage of growth opportunities in Latin America. The Latin American eCommerce giant saw its net revenues rise 58% year over year...

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MercadoLibre Adds 13K Jobs Amid Tech Firm Layoff Wave
MercadoLibre Adds 13K Jobs Amid Tech Firm Layoff Wave
April 20, 2023  |  eCommerce

As the tech world undertakes layoffs, MercadoLibre is in hiring mode. The Latin American eCommerce giant plans to add 13,000 jobs this year, Chief People...

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CE 100 Index Surges 4.9% as Ocado Leads Shopping Names Higher  
CE 100 Index Surges 4.9% as Ocado Leads Shopping Names Higher  
April 03, 2023  |  Connected Economy

The CE 100 Stock Index notched a 4.9% rally in a week that saw all pillars gain ground. And with the last week of March...

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