Ha! You called out amzn's fcf margin of 9%! Yet look at the fakkin valuation it has compared to meli. Doesn't make sense. Meli has an fcf margin of 26%!!!!!!!!!!!!! Amzn market cap $60B or so, yet meli's is $1.7B! What a fakkin joke dude! Meli undervalued relative to growth, competitive position, biz model, potential and size of the markets it competes in.
We go higher! Load, load, load,load, load like a motherfakkker dude.
an increase in cap ex wasn't driving the drop dude (this was actually down yoy), but cash from ops was down 10% yoy. This is the main driver as I see it. But I need more insight into this 10% yoy drop in cash from ops.
cash from ops is cash from meli's core business... so a variety of factors could have been driving this. Pricing? We know take-rate is low to drive market share. Listing? Users? Promotions? Fees? Probably a combo of all the above driving cash from ops down.