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Latin America’s largest tech firm, e-commerce and fintech juggernaut Mercado Libre, is on sale. The company’s share price has dropped 9% over the past 12 months even as its business has continued to rocket along at a 30%-plus revenue growth rate.
Investors are skittish about growing competition posed by Singapore’s Sea Ltd. in Mercado Libre’s largest market, Brazil. But investors may be overreacting: There is plenty of room for multiple players to succeed in expanding the Latin American e-commerce market..
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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A16z crypto, the digital assets arm of Andreessen Horowitz, said it raised $2.2 billion for its fifth crypto fund. The fund is about half the size of the $4.5 billion fund it raised in 2022, shortly before the crypto crash. The fund brings its total committed capital in crypto to $9.8 billion. ... Read more ›
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Coinbase, the biggest U.S. crypto exchange, said it plans to cut 14% of jobs, or about 700 staff, to manage costs in the market downturn and improve efficiency using artificial intelligence. Shares rose 4% in early market trading. The cut will reduce layers and eliminate “pure managers,” as ... Read more ›
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11.05.2026 16:06
Last update: 16:00 EDT.
News rating updated: 23:01.
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