$Grab Holdings (GRAB.US)$$Sea (SE.US)$ Like Sea, Grab is als...
Like Sea, Grab is also losing money: $2.75 billion in 2020 and $3.56 billion in 2021, much of it from incentives paid out to attract more customers and drivers.
Grab, in partnership with $Singtel(Z74.SG$, was also recently awarded a digital banking license by MAS. But unlike Sea, the user base is shrinking, from 24.5 million in 2020 to 24.1 million in 2021.
If you are a tech startup, you can lose money if you’re gaining market share. It’s much harder to explain to investors that you are losing money while also losing market share, especially once your stock is being publicly traded via SPAC with an uncertain regulatory future.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
