US EditionMercado Libre Shares Drop Amid Heightened Competition in Brazil’s eCommerce Market
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Mercado Libre Shares Drop Amid Heightened Competition in Brazil’s eCommerce Market
Heightened competition in Brazil’s eCommerce market reportedly drove shares of Mercado Libre into their biggest two-day slump since November. The eCommerce and payments company’s stock fell 6.8% on Wednesday (Oct. 1) after declining 6.6% on Tuesday (Sept. 30), Bloomberg reported Wednesday. The report attributed the two-day decline to Amazon Brazil’s announcement that it will waive or reduce Fulfillment by Amazon fees for certain seller…
The actions of the Free Market are on its way in two days since November, due to the concern that the latest Amazon initiative in Brazil has increased competition in the e-commerce segment. The paper has already fallen 7% in this quarter. In the previous session, it has recovered 6.6%. In expansion in the US: Nubank is likely to attract more than just expatriate transactions: Americans are selling from the woman of the Imaginarium and Puket by R…
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