Company Directory - MercadoLibre, Inc.
Company Details - MercadoLibre, Inc.
MercadoLibre, Inc.
WebsiteBuenos Aires, Argentina
MercadoLibre, Inc. is a leading e-commerce and fintech technology company in Latin America. It operates online marketplaces and digital payment systems, empowering commerce and financial services throughout the region.
CCI Score
CCI Score: MercadoLibre, Inc.
-34.12
0.02%
Latest Event
Legal and Political Clash in Argentina's Digital Payments Market
MercadoLibre faces a legal and political challenge from Argentine banks accusing it of monopolistic practices in digital payments, while receiving support from political figures advocating deregulation. This clash highlights concerns over corporate influence on public policy, market fairness, and economic concentration.
Take Action
So what can you do? It's time to make tough choices. Where will you cast your vote?
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
TOADIE
MercadoLibre, Inc. is currently rated as a Toadie.
Latest Events
- NOV082024
MercadoLibre faces a legal and political challenge from Argentine banks accusing it of monopolistic practices in digital payments, while receiving support from political figures advocating deregulation. This clash highlights concerns over corporate influence on public policy, market fairness, and economic concentration.
-30
Public and Political Behavior
March 27
MercadoLibre's political associations are highlighted by support from Argentina’s libertarian President Javier Milei and comments from government officials favoring deregulation. This alignment raises concerns about corporate complicity in policies that diminish public oversight and democratic accountability.
Digital Rivals: How Argentina's Banks Are Battling MercadoLibre
-20
Business Practices and Ethical Responsibility
March 27
The legal conflict stems from allegations that MercadoLibre has engaged in monopolistic practices within the digital payments market. Such business conduct, if left unchecked, can undermine fair competition and consumer rights, raising ethical concerns about market dominance.
Digital Rivals: How Argentina's Banks Are Battling MercadoLibre
+10
Technology and Services Impact
March 27
MercadoLibre’s digital ecosystem, particularly through its Mercado Pago service, has enhanced financial inclusion for millions of previously unbanked individuals. However, this technological advancement also comes with risks associated with market concentration and potential overreliance on a single platform.
Digital Rivals: How Argentina's Banks Are Battling MercadoLibre
-25
Economic and Structural Influence
March 27
The dispute with traditional banks underscores concerns about structural economic influence, as market concentration in digital payment platforms can lead to regulatory capture and diminished competition. Such consolidation poses risks for democratic oversight and the integrity of economic policy.
Digital Rivals: How Argentina's Banks Are Battling MercadoLibre
- NOV072024
MercadoLibre is embroiled in a high-stakes antitrust battle with Argentina's banks, amid political endorsements from figures linked to authoritarian tendencies. The company's alleged monopolistic practices in digital payments and its engagement with politically charged environments raise concerns from an anti-fascist perspective.
-20
Public and Political Behavior
March 27
MercadoLibre’s interaction with political figures, notably the warm endorsement from Argentine President Javier Milei, in a context of a politically volatile environment, is concerning. Such connections may signal alignment with authoritarian tendencies, thereby impacting democratic norms.
MercadoLibre's antitrust clash with Argentina's banks intensifies ...
-25
Business Practices and Ethical Responsibility
March 27
The antitrust allegations against MercadoLibre suggest a monopolistic hold over the digital payments sector. Such business practices undermine fair competition and ethical responsibility, contributing to economic disparities and potentially facilitating further authoritarian consolidation in the market.
MercadoLibre's antitrust clash with Argentina's banks intensifies ...
-20
Economic and Structural Influence
March 27
MercadoLibre's dominant market position and its legal conflict with traditional banks signify substantial economic and structural influence. This concentration of power can reshape market dynamics in ways that may bolster authoritarian tendencies, as it reduces the checks and balances typically provided by competitive markets.
MercadoLibre's antitrust clash with Argentina's banks intensifies ...
- SEP062024
MercadoLibre's CEO Marcos Galperin publicly expressed strong support for Argentine President Javier Milei, a controversial far-right figure criticized for authoritarian leanings. This endorsement raises concerns about the company's leadership alignment with policies that may undermine democratic norms.
-70
Executive Political Engagement
March 27
The CEO's explicit endorsement of President Javier Milei, a polarizing far-right figure, indicates an active engagement in supporting authoritarian-leaning political agendas. This public political engagement contributes to the rise of fascism, aligning the company with ideologies that can undermine democratic processes.
Alternatives
Hangzhou, China
-31.95
Armonk, United States
9.57
Armonk, United States
5.69
Melville, USA
-21.38
Seoul, South Korea
-45.69
Corporation
6.18
Bengaluru, India
65.57
Bangalore, India
62.66
United States
46.45
London, United Kingdom
31.96
Industries
- 518210
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
- 541519
- Other Computer Related Services
- 511210
- Software Publishers
- 454111
- Electronic Shopping