Mr. Market continues to hit $MELI for spending a couple years making sure they rapidly & profitably compound for several more years. They’re being punished for focusing on long-term e-commerce market share & growth vectors instead of optimizing near-term margins to meet a sell-side EPS estimate. Their markets are gigantic & relatively untapped. They should be staying aggressive right now. I think they’re absolutely making the right decision for shareholders. Time will tell.