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-0.000640729919524322 -0.000603709968618441 0.00181682528291789 0.00276510556381386 -0.00699392303267436 -0.00539921745519163 5.69537706244619E-05 -0.00210444182457096
Stock impact report

MercadoLibre CEO flags loan-book sales, plays down Venezuela expansion [Yahoo! Finance Canada]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
business, its chief executive told Reuters, adding that operations in Venezuela remain small and ?unchanged, as investors weigh credit risk ahead of first-quarter earnings. "We could sell part of the loan book ... in ?order to find the right funding tools," Ariel Szarfsztejn said in an interview on Tuesday in Buenos Aires, stressing there were no plans to sell ?core businesses or dismantle fintech arm Mercado Pago. Shares in Latin American e-commerce giant MercadoLibre fell earlier this year as investors grew more cautious about rapid credit-card growth at Mercado Pago and rising investment costs. In February, the company missed quarterly profit estimates after heavier spending on logistics, free shipping and credit cards. "The toughest challenge for a credit portfolio that is growing so fast is ?having the right funding mechanisms in order to ?scale," Szarfsztejn said. MercadoLibre is deploying generative artificial intelligence to improve credit decisions, he added, allowing Show less Read more
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