Brazil antitrust body rules Apple must lift restrictions on in-app payments
Brazilian antitrust regulator Cade said on Monday that Apple must lift restrictions on payment methods for in-app purchases, among other things, as the watchdog moved to proceed with an investigation into a complaint filed by Latin America e-commerce giant MercadoLibre.
Brazil's Antitrust Regulator Wants Apple To Remove Restrictions On In-App Payments
According to Reuters, the complaint filed by MercadoLibre in 2022 pointed out that Apple imposes its in-house payment system upon developers that offer digital goods or services, and prevents these developers to redirect buyers to their own websites and do their transactions outside the app.
Brazil’s Antitrust Authority Orders Apple to Allow External Payment Methods
Brazil's antitrust regulator, CADE, ordered Apple to lift in-app payment restrictions, following a complaint from MercadoLibre, with a daily fine for
App Store anti-steering rules declared illegal in Brazil, in latest antitrust ruling
Apple’s App Store anti-steering rules have been declared illegal in Brazil, in the latest antitrust ruling against the company.
Brazil's antitrust regulator is set to fine Apple if in-app purchase restrictions aren't lifted
Apple has only 20 days to open up in-app purchases, or it could face $43k in fines per day if it fails to comply with the Brazil antitrust regulator's ruling.
Mercadolibre’s Strategic Investments and Growth Potential Justify Buy Rating Despite Short-Term Pressures
Analyst Joao Soares from Citi maintained a Buy rating on Mercadolibre (MELI – Research Report) and decreased the price target to $2,450.00 from ...
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MercadoLibre price target lowered to $2,450 from $2,480 at Citi
Citi analyst Joao Pedro Soares lowered the firm’s price target on MercadoLibre (MELI) to $2,450 from $2,480 and keeps a Buy rating on the shares.
MercadoLibre trades in the green for seven straight sessions
MercadoLibre (NASDAQ:MELI) shares traded in the green on Monday, making it the seventh consecutive day of gains. The stock ...
A Once-in-a-Decade Opportunity: 1 Supercharged Growth Stock to Buy After a Recent 10% Pullback
Shares of Latin American e-commerce and fintech behemoth MercadoLibre (NASDAQ: MELI) are up over 6,560% since the company's ...
Buy MercadoLibre Stock On This Post-Earnings Dip. Here's What the Market's Missing.
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MercadoLibre: Buy The Unwarranted Pullback, Credit Growth Headwinds Are Temporary
Read here for highlights on the opportunity in MercadoLibre (MELI) stock post-pullback, citing strong growth potential in ...
Is It Time to Buy MercadoLibre Stock?
From 2013 to 2023, MercadoLibre's gross merchandise volume clocked a compound annual growth rate (CAGR) of 20%, its total ...
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MercadoLibre (MELI) Surged on Earnings Beat
Baron Global Advantage Fund highlighted stocks like MercadoLibre, Inc. (NASDAQ:MELI), in the third quarter 2024 investor letter. MercadoLibre, Inc. (NASDAQ:MELI) is an online commerce platform ...