Shares in South American e-commerce giant MercadoLibre (NASDAQ: MELI) slumped by more than 8% after a secondary public offering of the company’s shares was announced. The seller is American peer and major stockholder eBay (NASDAQ: EBAY), which is unloading most of the position held by itself and a subsidiary. …read more

Read more here: eBay Selling Most of its MercadoLibre Stake

Category: EBAY, MELI