Giro Lino's avatar
$2.6m follower assets
Where $MELI will capture market share from in 2022?
Via Varejo, one of $MELI competitors in Brazil, posted terrible earnings. GMV grew 3%yoy, sales down 2%yoy. According to my estimate, VIIA burned ~3bn LTM ⚠️

This is where $MELI will steal market share in 2022.
Joey Hirendernath's avatar
Hey Giro, I am not well versed in LatAm ecommerce, what is Amazon's presence in the region like, and why do they seem to struggle there?
Giro Lino's avatar
@joeyhirendernath That's actually a very good question. If you don't mind, I'll write a post to answer.