24.01.2020 15:12:00

Better Buy: MercadoLibre vs. Amazon

Global e-commerce sales for 2019 are expected to be up 17.9% from the previous year, to $3.46 trillion.That number sounds huge, but it's less than 15% of total retail sales. As more consumers move their purchases online, this medium is expected to reach 22% of all retail spending by 2023. MercadoLibre (NASDAQ: MELI), the Latin American e-commerce specialist, and the online juggernaut Amazon (NASDAQ: AMZN) are primed to benefit from this growth. But which is the better buy for shareholders?Continue reading
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