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Mercado Libre operates under five main business units. MarketPlace is its platform for users to sell products, Mercado Pago is its payment platform for online sales, Mercado Publicado is the advertising portion of Mercado Libre, Mercado Shops is a tool designed to enhance the platform's overall ecosystem, [34] and Mercado Crédito is the company's credit line.
MercadoLibre has responded in a few ways; it launched a short video platform called Clips in 2023 that mirrors its Asian rivals. But so far the new competition hasn’t made much of a dent in ...
Marcos Eduardo Galperin (born 31 October 1971) is an Argentine billionaire businessman, who is best known as the co-founder, Chairman, President and CEO of Mercado Libre. With an estimated net worth of $6.8 billion dollars, as of July 2024, he is the wealthiest person in Argentina. [1]
3. A swelling bottom line. MercadoLibre isn't just good at drumming up business -- it's proven adept at turning sales into profits. Net income increased 103% in the second quarter, and a profit ...
Additionally, MercadoLibre became profitable on an annual basis in 2021, and its net income growth has increased from there. In the first half of 2024, net income rose 89% to $875 million.
Previously, he was a board member of the e-commerce company Mercado Libre for six years. [2] He was also on the board of Vy Global Growth, a special-purpose acquisition company that invested in geospatial imaging firm Satellogic before the SPAC deal completed in 2022. [2]
Will Healy (MercadoLibre): Many investors missed the burgeoning e-commerce opportunity in Amazon as it transformed itself from an online bookseller to a tech conglomerate driven by e-commerce and ...
Lapsus$. Lapsus$, stylised as LAPSUS$ and classified by Microsoft as Strawberry Tempest, [1] is an international extortion -focused [2] hacker group known for its various cyberattacks against companies and government agencies. [3][4] The group was active in several countries, and has had its members arrested in Brazil and the UK in 2022. [5]