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Mercado Libre Founder Freezes Developer Hiring, Flags AI Risk to Its App

Marcos Galperin urges maximizing the current marketplace–payments–credit model to bankroll bets on an agentic future that could reorder how users access services.

Overview

  • Galperin said 2026 will be the first year Mercado Libre does not increase its number of programmers, with 20,000 developers today and a projection of about 10,000 in five years due to halted hiring.
  • He warned that agentic AI platforms and potential alliances could make the company’s app irrelevant, citing scenarios where assistants broker services without traditional interfaces.
  • Describing the strategy as “maximizar el mínimo,” he called for extracting maximum efficiency from the existing marketplace, payments and credit stack while designing future models.
  • He advised students to prioritize mathematics and foundational reasoning over learning to code, arguing routine programming will be increasingly automated by AI.
  • He cautioned about disciplined China-based competitors expanding in Latin America, predicting a long and difficult contest as their technology and execution intensify pressure.