MercadoLibre stock slips after AI layoff report — what MELI investors watch next
MercadoLibre shares fell about 1.3% Wednesday after Folha de S. Paulo reported the company cut 119 jobs tied to its AI initiative, including 38 in Brazil. The stock dropped to $2,045.63 amid a broader tech sell-off. Investors are watching for a Jan. 27 conference and fourth-quarter earnings on Feb. 24.