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Better Buy: MercadoLibre vs. Amazon

Better Buy: MercadoLibre vs. Amazon

MercadoLibre (NASDAQ: MELI) and Amazon (NASDAQ: AMZN) have become e-commerce conglomerates. MercadoLibre has established a fast-growing online retail and payments business in Latin America, while Amazon, which pioneered e-commerce and cloud computing, leads worldwide. At more than $1.55 trillion, Amazon has a market cap nearly 30 times larger than MercadoLibre's approximate $53 billion market capitalization.