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Exclusive: Meta’s Latest Layoffs to Include Staff In Argentina
The company’s CEO and founder Mark Zuckerberg confirmed another round of layoffs this week affecting 10,000 employees, after having made 13% of the company’s total staff redundant in November
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‘Massa Is Not Messi’; Argentina’s Bond Buyback An Unlikely Win, Goldman Sachs Says
Alberto Ramos, the US investment bank’s head of macroeconomic research for Latin America, tells Bloomberg Línea that Argentina’s economy minister is unlikely to score a win with his bond buyback plan
News in English
Volkswagen to Begin Manufacturing Buses, Trucks In Argentina
The German carmaker will begin building vehicles in Córdoba province from 2024
News in English
Chile’s Falabella Foresees E-Commerce Taking Bigger Share of Overall Sales
Gaston Bottazzini, department store chain Falabella’s CEO, tells Bloomberg Línea about the company’s plans to diversify its revenue streams, the regional business outlook and IKEA’s growth plans in South America
News in English
US Dollar Still King in Uruguay, Despite Having Latin America’s Strongest Currency
The Uruguayan peso has gained 8% against the US dollar so far this year, although most people looking to save still do so in dollars
English version
MercadoLibre to Expand LatAm EV Fleet, Launch Crypto Payments in Mexico
In an exclusive interview with Bloomberg Línea, executive vice president of e-commerce Ariel Szarfsztejn talks about the e-commerce giant’s “aggressive” growth strategy
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Binance Unveils Pre-Paid Crypto Card for Latin America
The world’s largest cryptocurrency exchange by volume transacted has launched a pre-paid card in Argentina, in an alliance with Mastercard
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How Uruguay Became a Cluster of ‘High Quality’ Startups, Talent
Paulo Passoni, an investor and former Softbank executive, talks to Bloomberg Línea about how the South American country is attracting the best companies, and the best talent, in Latin America
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This Argentine Startup Applies Gaming to Corporate Training and Marketing
At the age of 16, Tomás Giovanetti founded TGA, a startup that applies gaming to corporate marketing and training, and aims to close its first financing round this year
News in English
Revolut Snaps Up Tech Talent Laid Off By Brazilian Unicorns
In an exclusive interview with Bloomberg Línea, Glauber Mota, the British fintech’s CEO for Brazil, talks about the company’s expansion plans in Latin America
News in English
BlackRock: Commodities, Energy Are LatAm’s Most Attractive Sectors for Investment
Axel Christensen, director of investment strategy for Latin America of the world’s largest fund manager, spoke to Bloomberg Línea about the region’s allure
News in English
British Fintech Revolut Eyes Expansion Into Argentina
Having hired country managers in Brazil and Mexico, the company with a $33 billion valuation has begun moves into Argentina and has a waiting list of users. Bloomberg Línea finds out more
Startups
Talent Is the ‘Digital Soybean’ In Argentina and Uruguay, Aleph’s CEO Says
Gastón Taratura, who is preparing an IPO for the edtech unicorn, is EY Argentina’s entrepreneur of the year, and is also a partner of MercadoLibre, Twitter and TikTok
News in English
Diageo Thirsty for LatAm Market Share Growth Amid ‘Tequila Sunrise’ in Brazil, Colombia
The British beverage giant’s regional director Álvaro Cárdenas tells Bloomberg Línea about its expansion plans and how it has increased profits
Startups
Uruguayan Fintech Datanomik Launches With $6M Injection
Segio Fogel, co-founder of dLocal, the country’s first unicorn, launched the startup with Gonzalo Strauss
News in English
Averting Poverty Is Getting Harder in Argentina
Between January and February the price of basic foodstuffs rose by 13.5%, and the CPI by 8.8%
News in English
Every Citizen a Potential Customer for LatAm Delivery Giant PedidosYa
CEO Esteban Gutiérrez talks to Bloomberg Línea about the company’s strategy that sets it apart from its main competitors, Rappi and UberEats
News in English
Argentine Vintners Toast Record Exports, Bemoan Lack of State Support
Exports totaled $817 million in 2021, with 14 of the country’s 23 provinces producing wine, but government support for the industry is lacking
English version
‘We’re Not Revealing Our Secret Recipe’, Tether’s CTO Says
In an exclusive interview, the chief technology officer of USDT, the world’s most widely used stablecoin, says the company has been ‘extremely transparent’