$Grab Holdings(GRAB.US)$Singapore contributed more than 50% revenue. Any surprises? Temasek backing. By unfairly starving competition (Gojek, Tada, Ryde) and allowing Grab to indulge in predatory pricing, while they underpay drivers.
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Storm_BringerOPB Kim:
Coz no other work mah…get fired after 40, take up driving
Storm_BringerOP :
Let’s do the math. Average trip income $15. To make $900 you would need 60 trips. Average trip time 15 minutes (that’s super tight mind it, in reality it’s more like 30 minutes). So that is like 15 hours of driving. Unsustainable. Think again when people make claims like that.
Storm_BringerOPbbparker:
Grab did not set up the business to “help people”. If they wanted to really help then they would be offering free rides to needy commuters when the MRT lines go down, instead of charging $40 for a ride that would normally cost $8
Storm_BringerOP B Kim: Coz no other work mah…get fired after 40, take up driving
Storm_BringerOP sky2210: More like a weekly income!
Storm_BringerOP : Let’s do the math. Average trip income $15. To make $900 you would need 60 trips. Average trip time 15 minutes (that’s super tight mind it, in reality it’s more like 30 minutes). So that is like 15 hours of driving. Unsustainable. Think again when people make claims like that.
Storm_BringerOP sky2210: None taken bro! As I have pointed out the math doesn’t work. Well…at least not for long term
Storm_BringerOP bbparker: Grab did not set up the business to “help people”. If they wanted to really help then they would be offering free rides to needy commuters when the MRT lines go down, instead of charging $40 for a ride that would normally cost $8