Risk Factors Update Summary
- Addition of digital financial services to business dependence, highlighting growth in online commerce and digital financial services.
- Significant fluctuations in inflation rates in Brazil, Argentina, and Mexico, with values like 211.4%, 94.8%, and 4.8% in 2023.
- Increased focus on competitors' anticompetitive practices in different jurisdictions, potentially impacting market competition.
- Transition to a new version of ERP software SAP in January 2024, aiming to strengthen internal financial controls.
- Increased focus on IP challenges due to exponential business growth, including infringement risks on social media platforms.
- Introduction of Mercado Pago prepaid cards in Brazil and Mercado Pago credit cards in Brazil and Mexico.
- Implementation of an Open Source Program Office (OSPO) in 2022 to oversee OSS compliance and contribute to open-source projects.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1099590&owner=exclude
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