Shares of e-commerce companies Jumia and MercadoLibre plummet following Insider's report about Amazon's expansion plan in Africa and South America

The drop follows Insider's report about Amazon's plans to launch its own marketplace in five new countries across Africa, South America, and Europe.
Nearshore Americas

Amazon Takes on Starlink With $10B Satellite Internet Push

Online retail giant Amazon is pouring $10 billion into satellite internet to connect remote communities across South America.
The Motley Fool

MercadoLibre Is the Amazon of Latin America ... or Is It?

MercadoLibre is Latin America's leading marketplace, offering comprehensive logistics and advertising services. Mercado Pago gives it a stickiness Amazon doesn’t have, embedding it in both commerce ...
The Motley Fool

Should You Invest in the Amazon of Latin America?

A Latin American e-commerce giant is a great investment right now. It may sound strange to call a company the Amazon of Latin America, but of course we're talking about e-commerce giants, not ...

Leaked documents show Amazon plans to expand into 5 new countries across Africa, South America, and Europe even as the company dials back in the US

The plan shows how even as Amazon dials back parts of its retail business in the US, it continues to invest in long-term growth.