News of mercadolibre

MercadoLibre shares rally after record quarter of profit

20-02-2025 23:55 MercadoLibre stock jumped as much as 14% in after-hours trading after Latin American e-commerce and fintech giant’s profit far surpassed estimates.

FINANCE & BUSINESS

MercadoLibre posts record Argentina sales amid consumer rebound

09-10-2024 13:27 MercadoLibre says it’s seeing signs of a consumption rebound in Argentina after a difficult start to the year.

BUSINESS & BANKING

Mercado Libre denounces Argentina's banks for ‘cartelisation’

27-08-2024 11:13 Giant fintech and e-commerce firm files complaint with CNDC competition watchdog accusing 36 banks of acting like a “cartel” with its MODO digital wallet service.

FINANCES & BANKING

Mercado Libre hits back at Argentina's banks for ‘cartel’ tactics

26-08-2024 14:57 Mercado Libre accuses Argentine banks of “illegally concentrating” under one payments platform as an anti-competitive tactic against the company’s fintech arm, Mercado Pago.

Tech giants

Milei adviser expects major tech investments within eight weeks

07-06-2024 16:44 Javier Milei's senior adviser Demian Reidel is confident Argentina will be able to announce significant investments from Silicon Valley in the coming weeks.

COURT CHALLENGE

Banks accuse MercadoLibre’s fintech arm of ‘abusive conduct’

06-05-2024 19:42 Argentine banks file legal complaint against MercadoLibre for alleged “abusive conduct” on its digital payments platform, ratcheting up more pressure on the company after new Central Bank regulations imposed key changes on the fintech sector.

BUSINESS & INVESTMENT

MercadoLibre weathers Argentina tumult with Mexico, Brazil gains

02-05-2024 20:21 MercadoLibre saw its profit surge in the first quarter, with strong growth in Brazil and Mexico helping offset the hit from Argentina’s currency devaluation.

BUSINESS & INVESTMENT

Mercado Libre to recruit 18,000 more staff in Latin America this year

18-04-2024 16:25 Mercado Libre announced “the hiring of 18,000 people in the region, which will increase its payroll to over 76,000 by the end of 2024”, the company said in a press release.

BLOOMBERG

MercadoLibre CFO leaves ecommerce powerhouse after 24 Years

10-08-2023 20:46 MercadoLibre;s chief financial officer Pedro Arnt is leaving the company following a two-decade stint.

BLOOMBERG

MercadoLibre profit jumps, filling vacuum left by Americanas

03-05-2023 21:45 Latin America’s e-commerce powerhouse MercadoLibre posts better-than-expected profits for the first quarter as firm capitalised on collapse of Brazilian retailer.