MercadoLibre (NASDAQ: MELI) reported a robust Q1 result, but only one problem. The company’s margin contracted, and guidance expects the hit to continue, leaving investors feeling a bit squeamish.
However, this company has followed a spend-first, grow-later model while fleshing out its robust Latin American eCommerce empire. Spending has been focused on ecosystem, fulfillment, merchant, and consumer acquisition.
