When the US sneezes, Latin America catches a cold, runs the adage. Yet while the US tech sector has been shivering through big lay-offs, its counterpart further south looks surprisingly perky.
Far from firing, Mercado Libre, Latin America’s answer to Amazon, is hiring. It will take on an additional 13,000 people this year and its shares have risen 55 per cent since January 1, outperforming the Nasdaq tech index by a wide margin.
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