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$MELI
Full disclosure I own the oct 530 puts after rolling down from sep 550s. Continue to view gross margins get squeezed by growth in payments and op margin getting hit by incr fraud and bad debt
Slowing marketplace = riskier new biz lines
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Full disclosure I own the oct 530 puts after rolling down from sep 550s. Continue to view gross margins get squeezed by growth in payments and op margin getting hit by incr fraud and bad debt
Slowing marketplace = riskier new biz lines
1/
Some pressure in Arg to regulate given people use platform to avoid taxes
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$MELI
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$MELI
Seems like fraud on every corner, which may just be how LatAm is, but charges getting worse, not better
$MELI
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$MELI
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How $MELI credit card receivables are generated
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Growth will be limited if people dont feel safe using
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$MELI
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$MELI
Customer service seems horrific, need to spend to improve
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$MELI
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$MELI
Scams and money getting trapped in platform (which $MELI uses as a float for its biz)
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$MELI
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$MELI
Its really interesting so many people cant get their money off platform and looks like $MELI charges fee to take money out.... their "funds payable to customers" is basically 100% of cash from ops
run on the "bank" and they are toast
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run on the "bank" and they are toast
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