MercadoLibre's strengthening network effect offers macro insulation and opens new growth avenues.
It's hard to come up with negatives from MercadoLibre's second quarter, as registered users (up 20% to 159 million, a fourth of the Latin American population), units sold (accelerated by 45% to 44 million), items sold per user (up 21%), total payment volume (up 101% to $1.8 billion on a constant-currency basis) and modest operating margin expansion (up 60 basis points to 23.0% excluding a $13.7 million Venezuela-related impairment charge) are all clear signs that the MercadoLibre flywheel is in ...MercadoLibre is engages in an online commerce ecosystem. Co.'s platform is designed to provide users with a portfolio of services to facilitate commercial transactions. Co. integrated e-commerce services includes: the MercadoLibre Marketplace, which is an automated, topically-arranged and user-friendly online commerce service; MercadoLibre Classifieds Service, which users can also list and purchase motor vehicles, vessels, aircraft, real estate and services; MercadoPago payments solution, providing a mechanism that allows its users to send and receive payments online; and MercadoLibre advertising program, which enable businesses to promote their products and services on the Internet.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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