Why Billionaire Stanley Druckenmiller Ditched Broadcom for MercadoLibre (MELI) Stock

TLDR Stanley Druckenmiller sold his entire Broadcom position in Q3 and purchased MercadoLibre stock, which has returned 6,910% since its 2007 IPO MercadoLibre controls 28% of Latin America’s online retail market and operates the region’s largest fintech payment platform The company’s Q3 revenue jumped 39% to $7.4 billion, marking 27 consecutive quarters of 30%+ revenue [...]

The post Why Billionaire Stanley Druckenmiller Ditched Broadcom for MercadoLibre (MELI) Stock appeared first on Blockonomi.