E-commerce giant MercadoLibre (NASDAQ: MELI) has spent two decades steadily building its e-commerce marketplace and logistics network to become the leading retailer in Latin America. The stock has rewarded investors with a 2,500% gain over the past decade.
The company's growth runway remains intact for its e-commerce business, but it's no longer the only star of the show. Its fintech business could be what drives returns on the stock in the future; here are two reasons.
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Don't Buy MercadoLibre for Its E-Commerce Business, Buy It for This Instead