Will MercadoLibre Be Profitable Again?

Will MercadoLibre Be Profitable Again?

MercadoLibre (NASDAQ: MELI), the largest online commerce ecosystem in Latin America, has seen its shares soar more than 75% in 2020. Due to its sole focus on providing e-commerce and digital payments services, the company has benefited tremendously from the coronavirus pandemic and shelter-in-place restrictions in the countries it operates in. Why has the once profitable operation been losing money?