MELI - If You Invested $1000 In MercadoLibre Stock In 2013 Here's How Much You'd Have Today
2023-04-27 06:45:00 ET
In 2013, Venezuela was the third-largest market for Latin American e-commerce and financial technology (fintech) company MercadoLibre (NASDAQ: MELI) , at 18% of total net revenues. Moreover, it was the company's fastest-growing geography. But today, MercadoLibre barely has a presence in Venezuela due to geopolitical issues.
If you told me that a company would lose its third-largest and fastest-growing market, I would assume that company would be performing poorly. However, that's not the case with MercadoLibre. The company's revenue is up more than 2,400% over the past decade.
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If You Invested $1,000 In MercadoLibre Stock In 2013, Here's How Much You'd Have Today