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Will MercadoLibre Be Worth More Than Amazon by 2030?

TheMotleyFool

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Will MercadoLibre Be Worth More Than Amazon by 2030?: https://g.foolcdn.com/editorial/images/701193/woman-laptop-home.jpg

MercadoLibre (NASDAQ: MELI), the largest e-commerce company in Latin America, is often compared to Amazon (NASDAQ: AMZN). However, the Argentine company (which is headquartered in Uruguay) is still a lot smaller than Amazon and growing at a much faster rate.

Could MercadoLibre, which is worth about $50 billion today, catch up to Amazon, which is worth nearly $1.3 trillion, by the end of the decade? Let's review its growth rates and catalysts to decide.

Image source: Getty Images.

Source Fool.com

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