Better Buy: MercadoLibre vs. Amazon
Shoppers chose to buy more gifts online in 2020 than in any other holiday season in the past. It's likely consumers wanted to avoid crowded brick-and-mortar stores where masks were required for entry. This played to the sweet spots of two e-commerce leaders: retail giant Amazon (NASDAQ: AMZN) and Latin America's largest online retailer, MercadoLibre (NASDAQ: MELI). It's likely that this duo will post their biggest-ever results when they report earnings from the holiday quarter. Given these two are on a roll, let's see which would be a better buy today. But first, let's check out how these businesses compare side-by-side.
Amazon's five-year head start on MercadoLibre and its faster growth has put the e-commerce juggernaut into the select $1 trillion-plus market capitalization club. Even with its size, it's still posting amazing growth numbers.
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Source Fool.com
