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Better Buy: MercadoLibre vs. Amazon

TheMotleyFool

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Global e-commerce sales for 2019 are expected to be up 17.9% from the previous year, to $3.46 trillion.

That number sounds huge, but it's less than 15% of total retail sales. As more consumers move their purchases online, this medium is expected to reach 22% of all retail spending by 2023. MercadoLibre (NASDAQ: MELI), the Latin American e-commerce specialist, and the online juggernaut Amazon (NASDAQ: AMZN) are primed to benefit from this growth.

But which is the better buy for shareholders?

Source Fool.com

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