Why MercadoLibre Stock Was Punished by 5.3% Today

·2 min read
Why MercadoLibre Stock Was Punished by 5.3% Today

Shares of Latin America's e-commerce and digital economy leader MercadoLibre (NASDAQ: MELI) were down 5.3% on Wednesday. Its total number of users (both in commerce and in digital payments) are also climbing at a fast clip.