We host the largest online trading platform in Latin America, called MercadoLibre and located at www.mercadolibre.com. We are market leaders in e-commerce in each of Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela, based on unique visitors and page views during 2006. Additionally, we have recently launched online trading platforms in Costa Rica, the Dominican Republic and Panama. With a market of over 550 million people and a region with one of the world's fastest-growing Internet penetration rates, we provide buyers and sellers a robust online trading environment that fosters the development of a large and growing e-commerce community. We offer a technological and commercial solution that addresses the distinctive cultural and geographic challenges of operating an online trading platform in Latin America.
We offer our users two principal services:
The MercadoLibre marketplace: The MercadoLibre marketplace is a fully-automated, topically-arranged and user-friendly online trading service. This service permits both businesses and individuals to list items and conduct their sales and purchases online in either a fixed-price or auction-based format. Additionally, through online classified advertisements, our registered users can also list and purchase motor vehicles, vessels, aircraft, real estate and services. Any Internet user can browse through the various products and services that are listed on our website and register with MercadoLibre to list, bid for and purchase items and services.
The MercadoPago online payments solution: To complement the MercadoLibre marketplace, we developed MercadoPago, an integrated online payments solution. MercadoPago is designed to facilitate transactions on the MercadoLibre marketplace by providing a mechanism that allows our users to securely, easily and promptly send and receive payments online.
How does MercadoLibre make money?
We generate revenues from the MercadoLibre marketplace from listing fees, optional feature fees, final value fees and online advertising, and from MercadoPago from commissions for use of the service.
How many employees does MercadoLibre have?
As of March 31, 2007 we had 775 employees.
We are led by a team of highly qualified management and information technology professionals who run our business and websites from our offices in Buenos Aires, São Paulo, Mexico City, Caracas, Santiago and Bogotá. Our ten most senior management officers and our four most senior technology professionals joined our team in 2000 or before, which provides us with stable and seasoned leadership. The commitment, knowledge and track record of both our management and technology teams are valuable assets to our company. We believe that our corporate culture contributes to the high level of satisfaction of our employees and to the retention and commitment of our team.
What is MercadoLibre Inc's fiscal year-end?
MercadoLibre's year-end is December 31, 2007. Reporting quarters correspond with calendar quarters.
Who is MercadoLibre Inc's Independent Accountant?
Price Waterhouse & Co., S.R.L. member firm of PricewaterhouseCoopers
When did MercadoLibre Inc go public and at what price?
MercadoLibre Inc went public on August 10th, 2007 at an IPO split adjusted price of $
Where is MercadoLibre Inc traded?
MercadoLibre Inc is traded on the Nasdaq Global Market under the symbol MELI.
How can I invest in MercadoLibre Inc?
You can purchase shares of MercadoLibre Inc stock through a brokerage or a stock purchase service of your preference.
Does MercadoLibre Inc have a direct purchase plan? Can I purchase MercadoLibre Inc stock directly from the company?
No, MercadoLibre Inc does not have a direct purchase plan. Shares of MercadoLibre Inc can be purchased through a broker or stock purchase service of your preference.
Who is MercadoLibre Inc's transfer agent?
The Bank of New York
One Wall Street, 27th Floor
New York, NY 10286
Does MercadoLibre Inc pay a cash dividend?
No, we have never declared or paid a cash dividend nor do we expect to pay any dividends in the foreseeable future.
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