MercadoLibre (NASDAQ: MELI), the largest e-commerce company in Latin America, nearly tripled its market capitalization in 2020 as its growth accelerated throughout the pandemic. Does that pullback represent a good buying opportunity for investors who missed out on MercadoLibre's multibagger gains over the past two decades? The bears believe that challenging year-over-year comparisons, rising expenses, aggressive competitors, and macroeconomic headwinds will limit MercadoLibre's gains this year.
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