Banks Accuse MercadoLibre's Fintech Arm of ‘Abusive Conduct' [BNN Bloomberg (Canada)]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
Company Research
Source: BNN Bloomberg
MODO, a virtual wallet backed by some 30 Argentine banks, accused the e-commerce giant of forcing consumers to fulfill online purchases via its payment platform, Mercado Pago, among other practices, according to MODO's statement regarding its formal complaint before Argentina's National Commission for the Defense of Competition. “MercadoLibre's abusive conduct, detailed in the complaint, creates negative effects for the market, disproportionately maximizing its earnings,” MODO wrote in the statement, adding that it's confident Argentine authorities will investigate “one or more anti-competitive practices,” forcing an “in-depth analysis of the payments and digital wallet ecosystem.” MODO claims that 80% of e-commerce retail sales in Argentina are done via Mercado Pago. While MODO lauded the platform's technology and recognized its dominant performance, it accused the company of distorting the competition. A spokesman for Mercado Pago didn't immediately provide comment Monday. Fo
Show less
Read more
Impact Snapshot
Event Time:
MELI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MELI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MELI alerts
High impacting MercadoLibre, Inc. news events
Weekly update
A roundup of the hottest topics
MELI
News
- 1 Passive-Income Stream and 1 Dividend Stock for $781.48 in Monthly Cash [Yahoo! Finance Canada]Yahoo! Finance Canada
- Where to Invest $10,000 in May 2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
- PDD vs. MELI: Which Stock Should Value Investors Buy Now? [Yahoo! Finance]Yahoo! Finance
- 3 No-Brainer Dividend Stocks to Buy Under $15 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Amazon Stock: Buy, Sell, or Hold? [Yahoo! Finance]Yahoo! Finance
MELI
Earnings
- 5/2/24 - Beat
MELI
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/25/24 - Form DEFA14A
- MELI's page on the SEC website