Jason currently sits on the board of Rosecrans Ventures an organization that focuses on mentoring opportunity youth from marginalized communities. Jason has gone on to graduate from the Koch Associate Program. Jason was also the first justice-involved person to be accepted into the Lightspeed fellowship with a team from Stanford. Three weeks before his release, Jason became the first person from his cohort to sign a work agreement with a tech company as a software engineer. On September 25, 2018, Jason was released after 13 ½ years incarcerated, during which time he graduated from The Last Mile’s inaugural coding class. Jason leads TLM’s conversations with existing and potential partners for TLM’s future with a focus on creating mutually beneficial partnerships that impact TLM’s learners on a high scale. The region's retail e-commerce market alone is projected to grow from $85 billion in sales in 2021 to $160 billion in sales by 2025 according to a report from Statista, and Boston Consulting Group estimates that payments revenues will have increased at a compound annual growth rate of 8.3% from 2020 to 2025. These two service industries are still at much earlier growth stages compared to where they're at in the U.S., Western Europe, and China, and MercadoLibre is in position to be a huge winner as they evolve.Jason Jones is a full-time disruptor, activist, educator, and software engineer. That valuation admittedly bakes in strong performance in coming years, but the good news is that the market opportunity for e-commerce and fintech services in Latin America is massive. It has a market capitalization of roughly $52 billion and trades at 5.5 times this year's expected sales and 122 times expected earnings. MercadoLibre stock is now down about 48% from the high that it hit last January. Overall revenue climbed 66.5% year over year last quarter, and operating income in the period jumped 93% to reach $160.4 million. Its core e-commerce and fintech services segments increased sales 69% and 61.7%, respectively, year over year. Economists polled by Bloomberg estimate that inflation in the region will come in at roughly 10.4% this year, and rising prices combined with lingering challenges related to the coronavirus pandemic have added to political tensions and division.ĭespite the unfavorable macroeconomic backdrop and increased caution from investors, MercadoLibre has continued to put up strong results. Inflation in many Latin American countries is running high, with Citigroup estimating an overall inflation rate of 10.6% in 2021 and Brazil and Argentina posting inflation of 10.7% and 52%, respectively. Economic and political instability are currently driving bearish sentiment on many Latin American stocks, but the region still has an intriguing long-term outlook, and MercadoLibre is poised for success. MercadoLibre ( MELI 2.17%) stands out as a top stock for benefiting from two massive trends in the Latin American market: e-commerce and fintech services. While its forward price-to-sales multiple of roughly 29 times might be intimidating at first glance, the business' rapidly expanding sales and fantastic margins point to big profit potential and that Cloudfare is equipped with a a stellar long-term growth engine. The stock is down roughly 62% from its high, and the company now has a market capitalization of roughly $28.5 billion. 10.ĭespite Cloudflare's very strong performance and a favorable demand outlook, its valuation has gotten hammered as the market has moved away from cloud-software companies. The company reported that the manufacturing industry saw more DDoS attacks than any other in the period, for which earnings will be reported on Feb. More than ever, web applications are essential to business' success, and they'll only become more so.Ĭloudflare recently published a report stating that ransom DDoS attacks experienced a massive increase in the fourth quarter, and it's not just technology and web-focused businesses that are getting hit. Because the number of web applications and connected devices accessing them continue are rapidly increasing, there's very favorable long-term demand for Cloudflare's services.
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