Core Insights - MercadoLibre has demonstrated exceptional stock performance, gaining 7,400% since its IPO in 2007, significantly outperforming the S&P 500 [1][3] - The company operates primarily in Latin America, focusing on e-commerce and fintech, both of which are experiencing rapid growth [4][10] E-commerce Growth - MercadoLibre started as an online marketplace and has expanded into a fintech business, with both segments showing strong growth [4] - In the third quarter, gross merchandise volume increased by 35% year over year, leading to a 49% rise in revenue [5] - Unique active buyers grew by 26% year over year, indicating successful customer acquisition strategies [6] - Management has improved its value proposition by lowering the free shipping threshold in Brazil, resulting in a record number of new active buyers [7] Fintech Expansion - The fintech segment has evolved from a digital wallet to a comprehensive financial services app, catering to an underbanked population [10] - Total payment volume surged by 54% year over year, with monthly active users increasing by 29% [11] - Assets under management rose by 89% year over year, and the credit portfolio expanded by 83% [12] Investment Outlook - While the stock may not replicate the previous 7,400% gains, it is expected to continue outperforming the market, making it a viable investment opportunity [13]

Key Points SoFi Technologies aims to be a one-stop shop for all things financial. The company is growing by leaps and bounds. Its stock price has been growing, too, so tread carefully. 10 stocks we like better than SoFi Technologies › Just about the only way that SoFi Technologies (NASDAQ: SOFI) is boring is because it's a financial services company. Banking...mortgages...student loans...yawn. But hold on -- note that it has the word "technologies" in its name. That's because in its own way, it's ...