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Mexico’s Antitrust Watchdog Investigates MercadoLibre (MELI)

MercadoLibre, Inc. (NASDAQ:MELI) is one of the 10 Best NASDAQ Stocks to Buy For Long Term. On September 12, Reuters reported that Mexico’s antitrust watchdog, Cofece, conducted an investigation into the country’s e-commerce market and found that sellers on MercadoLibre, Inc. (NASDAQ:MELI) faced barriers to competition. However, Cofece’s commission could not reach a consensus to take corrective actions against MercadoLibre, Inc. (NASDAQ:MELI). The watchdog decided not to impose sanctions because of uncerta ...