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MELIAMZNNEUTRALSEBEARBULLISHCore thesis · 5/5

MercadoLibre built for sustained e-commerce growth

The bull case for MercadoLibre rests on structural Latin American e-commerce tailwinds and high-margin 3P marketplace economics that mirror Amazon's playbook while avoiding structural retail loss-leader dynamics.

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MELI: MercadoLibre built for sustained e-commerce growth · Zortix