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Why MercadoLibre Fell by 19.5% in 2021

TheMotleyFool

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Shares of MercadoLibre (NASDAQ: MELI) fell by 19.5% in 2021, according to data provided by S&P Global Market Intelligence.

For context, the tech-heavy Nasdaq Composite index gained 22.2% last year. Shares of the Latin American e-commerce company have underperformed the index even as the business continues to scale up.

Image source: Getty images.

Source Fool.com

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