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    Danny Elgar

    Senior Equity Analyst at XP Inc.

    Danny Elgar is a Senior Equity Analyst at XP Inc., specializing in coverage of the Brazilian financial and consumer sectors with a focus on leading companies such as Itaú Unibanco, Banco do Brasil, and Ambev. He is recognized for his robust performance track record, consistently outperforming the IBOV benchmark and achieving positive returns for clients, with ranking placements documented on platforms like Bloomberg and TipRanks. Elgar launched his finance career in the early 2010s, previously holding research roles at BTG Pactual and Bradesco BBI before joining XP Inc. in 2019. He holds a CFA designation, is FINRA registered with Series 7 and Series 63 licenses, and has earned institutional recognition for accuracy in earnings forecast and client service.

    Danny Elgar's questions to MERCADOLIBRE (MELI) leadership

    Danny Elgar's questions to MERCADOLIBRE (MELI) leadership • Q1 2025

    Question

    Danny Elgar asked for MercadoLibre's view on emerging competition, specifically the launch of TikTok Shop in Brazil and the increased interest from competitors like Temu in Argentina.

    Answer

    Ariel Szarfsztejn, EVP of Commerce, commented that it is still 'early days' for TikTok Shop in the region and that its value proposition seems to overlap more with other platforms. Regarding Argentina, he acknowledged interest from Temu and Amazon but has not seen significant traction yet. He framed the market opening as an opportunity for MercadoLibre's own cross-border business, which launched promptly after regulatory changes.

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