MercadoLibre's Profits Surged During the Pandemic. Here's Why.
The onset of the pandemic spurred adoption of both e-commerce and digital payments. Growth that was expected to take years materialized in a matter of months. Companies positioned to handle the surge in new digital customers have been rewarded with an expanding bottom line.
On this episode of Fool Live that aired on Nov. 23, Motley Fool co-founder David Gardner and Fool.com contributor Danny Vena were joined by Federico Sandler, MercadoLibre's (NASDAQ: MELI) head of investor relations. They discussed the changes to the competitive landscape wrought by the pandemic and why things will never be the same.
Source Fool.com
