Is This Competitor Coming for MercadoLibre Stock?
The e-commerce industry has been undergoing enormous challenges lately. The industry experienced a massive boom two years ago amid the COVID-19 pandemic lockdowns. Today, that tailwind has become a headwind as most people resume their pre-pandemic lifestyles.
The reopening headwind affected every company in the e-commerce industry, including MercadoLibre Inc (NASDAQ: MELI). But that is still not the biggest threat that the company is facing. Shopee is.
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Source Fool.com
