Could MercadoLibre Be the Next Amazon?

MercadoLibre (NASDAQ: MELI) and Amazon (NASDAQ: AMZN) are two of the best-performing stocks of the last decade.

Both have benefited from strong tailwinds in e-commerce to dominate their respective geographies. For MercadoLibre that's Latin America, and for Amazon its North America and Europe. The chart below shows how the two stocks have performed over the last decade.

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Source Fool.com