3 Great Reasons to Buy MercadoLibre

The world has been struggling for the better part of a year now to bring the COVID-19 pandemic under control, and in the process, the daily habits of vast numbers of people have been drastically altered. Obviously, the driving force behind many of those behavioral changes has been the need to practice social distancing. The business world has pivoted quickly to operating more in the online world, and on the consumer side, the use of e-commerce and digital payments platforms has accelerated dramatically.

MercadoLibre (NASDAQ: MELI) has been a strong beneficiary of those trends. Founded in 1999, it now boasts the largest e-commerce ecosystem in Latin America, and it owns an integrated online platform that connects merchants and customers. MercadoLibre was already growing at a steady pace before the pandemic, but its growth has been even more explosive in recent quarters.

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Source Fool.com