Mexico’s startups have Facebook-sized ambitions


POTENTIAL MARKET: Internet usage in Mexico, Latin America’s second-largest economy, grew by 14% last year. — Reuters

MEXICO CITY: In a mosquito-ridden hall in downtown Mexico City, hundreds of wannabe Mark Zuckerbergs gather to build the Latin American giant’s newest industry, one app at a time.

“Hola, geeks!” says a US speaker, addressing Mexico’s future tech entrepreneurs at a recent 48-hour “hackathon,” a networking event masquerading as an app-building contest.

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