DIRS.INFO The most relevant business & tech news

MEXICO CITY (AP) — Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and to wall off TV streaming to avoid stifling competition. The COFECE order also covers the biggest Latin American online retailer, the Uruguay-based firm Mercado Libre. The commission said it had laid out corrective measures that would include prohibiting Amazon from promoting its TV streaming service as an incentive for consumers to buy Amazon Prime memberships. The COFECE also ordered Amazon not to take the “logistics” method — the manner of delivering purchases — into account in determining the order or prominence of search results. Online sellers have complained in the past that Amazon Prime forces vendors to use the company's own delivery services.

Persons: Mercado Organizations: MEXICO CITY, Amazon, Mercado Libre, Mexico’s Federal, Economic, U.S . Federal Trade Commission Locations: MEXICO, Mexico, Uruguay, Seattle

☆ Lightning Round: Mercado Libre is 'the LatAm stock to own', says Jim Cramer
▼ + stars: | 2024-02-08 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Mercado Libre is 'the LatAm stock to own', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Oxford Lane Capital, Mercado Libre, Abbvie and more.

Persons: Jim Cramer Organizations: Libre, Oxford Lane Capital, Mercado Libre Locations: Mercado, Abbvie

☆ Cramer's Lightning Round: AbbVie is 'a very good company'
▼ + stars: | 2024-02-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Oxford Lane Capital's year-to-date stock performance. Oxford Lane Capital : "We don't know if they're any good at credit, and we don't know what they own. Stock Chart Icon Stock chart icon MercadoLibre's year-to-date stock performance. Stock Chart Icon Stock chart icon Freeport-McMoRan's year-to-date stock performance. Stock Chart Icon Stock chart icon AbbVie's year-to-date stock performance.

Persons: Oxford Lane Organizations: Oxford, Oxford Lane, Blackstone, Mercado Libre Locations: Mercado, McMoRan's, McMoRan

☆ Southeast Asia is on the cusp of a 'supercharged' digital payments revolution, PwC says
▼ + stars: | 2023-11-29 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Widespread mobile ownership, together with rapid digitalization after the pandemic, helped spur the expansion of digital financial services in Southeast Asia, said PwC. PwC"This enhanced availability and convenience of digital payments will see the bulk of the regional population leveraging mainstream digital financial products, such as e-wallets, further expediting the expansion of financial services," said PwC. watch now"Consumers are adopting digital financial services at a rapid pace. Cash is no longer king, as digital payments now make up more than 50% of the region's transactions," a recent Google, Temasek and Bain & Company report wrote. "In some regions such as Southeast Asia, [digital payments via e-wallets] are already more common than physical card payments and set to dominate point-of-sale [systems] overall," wrote Dan Jones and Alex Walker of OliverWyman.

Persons: PwC, hawkers, —, Cash, Dan Jones, Alex Walker of OliverWyman Organizations: Banking, Getty, Careem, Mercado Libre, Temasek, Bain & Company Locations: China, East Asia, Shanghai, Banking Asia, Asia, Southeast Asia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Brunei, Laos, Cambodia, Paytm, India, AliPay, Latin America

☆ Amazon opens its biggest last-mile delivery center in Latin America
▼ + stars: | 2023-09-14 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +2 min

MEXICO CITY, Sept 14 (Reuters) - Amazon (AMZN.O) on Thursday inaugurated its largest last-mile delivery center in Latin America, a warehouse in Mexico's capital, as it seeks to offer faster deliveries in one of the region's most populous cities. The new Mexico City site, measuring 30,000 square meters (more than 322,000 square feet), is the largest Latin America "delivery station" for Amazon, referring to warehouses that specialize in last-mile deliveries to consumers. Amazon also operates larger warehouses known as "fulfillment centers," which can be over 92,900 sq meters (a million square feet). Altogether Amazon operates about 40 warehouses throughout Mexico, employing more than 8,000 people directly and another 32,000 indirectly. Some 22 million people live in and around Mexico City, one of the biggest urban centers in Latin America.

Persons: Mercado, Diana Frances, Ken Salazar, Andres Manuel Lopez Obrador, Daina Beth Solomon, Sandra Maler Organizations: MEXICO CITY, Mercado Libre, Walmart, Amazon, Thomson Locations: MEXICO, Latin America, Mexico, Argentina, America, Mexico City

☆ Buy these 6 stocks now to bet on the AI revolution and other rapidly growing industries, according to the managers behind a fund that's rebounded from bottom 1% performance last year to a top 1% perfo
▼ + stars: | 2023-07-23 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Here are six top growth stocks in rapidly expanding industries like artificial intelligence. In an ocean of growth-focused funds, the Virtus Zevenbergen Innovative Growth Stock Fund (SAGAX) has an unrivaled knack for standing out — for better or worse. The basket of growth stocks has logged an astounding 62% year-to-date gain, which makes it one of the best-performing mutual funds in 2023. How to successfully invest in growth stocks in any marketThe core tenets that have anchored the Virtus Zevenbergen Innovative Growth Stock Fund through the storms of the last few years are simple, though following them can be challenging. The Virtus Zevenbergen Innovative Growth Stock Fund usually has 30-to-40 holdings at a time, Dennison said, and stocks stay in the portfolio for an average of over five years.

Persons: Anthony Zackery, Joe Dennison don't, they've, Dennison, Zackery, Nancy Zevenbergen, Brooke de Boutray, who've, Zackery isn't, He's, he's Organizations: Virtus, Stock Fund, Fund, Devices, Nvidia, Technology, Amazon, Netflix, Mercado Libre Locations: Zackery, Canada, Latin America, The Uruguay

☆ Elon Musk's potential plan for turning Twitter into a super app is an uphill battle. These are the 3 biggest things holding the strategy back, according to experts.
▼ + stars: | 2023-04-27 | by ( Paige Hagy | ) www.businessinsider.com time to read: +8 min

And while he's never publically detailed specific plans for a super app, recent changes at Twitter offer some clues. He first teased his intentions to transform Twitter into a super app called "X" prior to acquiring it in October 2022. It 'makes no sense' to build on TwitterFor starters, Twitter is a peculiar place to build a super app, some experts said. A super app in the US is difficultPerhaps a bigger issue not specific to Musk's plans for Twitter is whether a super app in the US is even possible. So if anyone can build a super app in the US, it would be him.

☆ Elon Musk's everything app could include Twitter. But industry experts can't make sense of the strategy.
▼ + stars: | 2023-04-26 | by ( Paige Hagy | ) www.businessinsider.com time to read: +8 min

Elon Musk wants to create a US super app, but industry experts have some concerns. And while he's never publically detailed specific plans for a super app, recent changes at Twitter offer some clues. He first teased his intentions to transform Twitter into a super app called "X" prior to acquiring it in October 2022. It 'makes no sense' to build on TwitterFor starters, Twitter is a peculiar place to build a super app, some experts said. A super app in the US is difficultPerhaps a bigger issue not specific to Musk's plans for Twitter is whether a super app in the US is even possible.

☆ Brazil meal payments overhaul delayed by central bank standoff
▼ + stars: | 2023-03-31 | by ( Marcela Ayres | ) www.reuters.com time to read: +5 min

The Finance Ministry says the central bank has jurisdiction to regulate payment systems, but sources said the central bank resisted early proposals to shake up the market and sought to keep its hands off the segment. The bank's staff believes the voucher market presents no systemic risk. The standoff has added to already high tensions between the Finance Ministry and central bank, the sources said on condition of anonymity. The central bank declined to comment on its reported resistance to regulating the market. The ministry told Reuters such regulation "goes beyond its competencies," and should be handled by the Finance Ministry and the central bank.

[1/3] A 3D printed Meta logo is seen in front of displayed Google logo in this illustration taken on November 2, 2021. If upheld, their appeals could establish jurisprudence for future cases concerning liability for internet content, at a time when social media companies are under pressure in Brazil due to a surge of political disinformation. According to Ruf, declaring it unconstitutional would increase removals of subjective content, including critical content that is important for democratic public debate. In mid-March, Brazil's government said it was planning to regulate internet platforms to reduce misinformation but also to tax platforms making money from advertising. Google Brasil lawyer Guilherme Sanchez said the company does not wait for court orders to remove content from its platforms.

[1/3] A 3D printed Meta logo is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoBRASILIA, March 28 (Reuters) - Meta Platforms Inc (META.O) and Alphabet Inc's Google (GOOGL.O) defended before the Supreme Court on Tuesday a Brazilian law that holds Internet platforms are not responsible for content posted by users unless they are subject to a court order. If upheld, their appeals could establish jurisprudence that will apply to future cases concerning the responsibility for Internet content, at a time when social media companies are under pressure in Brazil due to a surge in the spread of political disinformation. Google Brasil lawyer Guilherme Sanchez said the company does not wait for court orders to remove content from its platforms. By contrast, in the same period Google received just 1,700 requests for the removal of content from its products.

☆ Eightfold.AI: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

The six-year-old company uses deep learning and artificial intelligence to help companies find, recruit, and retain employees. Its talent acquisition platform enables customers to identify suitable candidates and import and filter through thousands of resumes. A candidate can upload a resume and Eightfold's system will identify the most relevant jobs for that candidate in real time. Customers include Bayer, Capital One, Activision, Booking.com, Vodafone, Mercado Libre and Akamai. The company has raised nearly $400 million to date from investors including SoftBank, General Catalyst, Capital One Ventures, Lightspeed Venture Partners and Foundation Capital.

☆ One fintech exec says Elon Musk might be the best bet to build a super app in the US
▼ + stars: | 2022-10-27 | by ( Asia Martin | ) www.businessinsider.com time to read: +3 min

Elon Musk is set to acquire Twitter by the October 28 deadline set by a judge. Rapyd exec Larry Lee says Musk has the best chance at creating a super app from scratch in the US. Larry Lee, Rapyd's global head of financial networks, said Elon Musk is the "best chance" the US has for creating a so-called super app from scratch. A super app is a mobile or web-based application acting as a one-stop shop for consumers' financial and commerce needs. But the key to becoming a super app is having reasons for the user to use it daily or even multiple times throughout the day.

☆ Advertising for Latin American brands are pursuing more diversity in campaigns
▼ + stars: | 2021-05-14 | by ( Insider Intelligence | Matteo Ceurvels | ) www.businessinsider.com time to read: +6 min

Many consumers in Latin America are no longer content to let brands sit on the sidelines of tough conversations. The following is a preview of one Media, Advertising, and Marketing report, the Analyst Take: How Brands in Latin America Are Addressing Diversity and Representation in Advertising. Latin America is a region of many paradoxes. Latin America companies promoting diversityLatin American ecommerce giant Mercado Libre is one example of a regional company that has embraced diversity in its marketing materials. The campaign also partnered with Young, Gifted, and Black (YGB), an image bank that offers photos taken by Black women, of Black women.

Search resuls for: "Mercado Libre"

14 mentions found