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Corona Effect: Mercado Livre Shares up 25 Percent after Positive Q1 Results

RIO DE JANEIRO, BRAZIL - The Mercado Livre Online marketplace company's share price skyrocketed 25.46 percent at its highest on Wednesday, May 6th, after the company released its first quarter report.

As a result, the company's market value exceeded that of Itáu, which amounts to approximately US$37.55 billion (R$188 billion). At 12.20 PM on May 6th, Mercado Livre's shares were up 20.4 percent and traded at US$747 at Nasdaq. At the current price, its market value stands at US$37.31 billion.

According to the company's results, its net . . .

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