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Finance & Markets

MercadoLibre Pays Up to Win Shoppers’ Loyalty

After the market closed yesterday, MercadoLibre (NASDAQ:MELI) reported third-quarter revenue of $10.75 billion, up 45% from a year ago. Operating income fell 6% to $676 million, and the operating margin shrank to 6.3% from 9.8% a year earlier. The stock fell about 6% in pre-marke

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