MELI - 1 E-Commerce Stock That Has Created Millionaires and Is Poised to Make More
2024-02-15 05:14:00 ET
The e-commerce industry is adept at producing millionaire-maker stocks. Amazon climbed over 500-fold from the depths of the dot-com bust in the early 2000s, and many legacy brick-and-mortar retailers drove significant returns by integrating e-commerce with in-store retailing.
However, one top e-commerce company that may receive less attention is MercadoLibre (NASDAQ: MELI) . The Latin American conglomerate does not operate in the U.S., so American investors can easily overlook it. Still, with its e-commerce success and its ability to build successful businesses tied to e-commerce, investors should expect it to continue minting millionaires.
As mentioned, MercadoLibre operates in Latin America, a region that periodically deals with political turmoil, rampant inflation, and regulatory schemes that often have confusing and complicated rules.
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1 E-Commerce Stock That Has Created Millionaires and Is Poised to Make More