$Grab Holdings(GRAB.US)$ Its quarterly losses, particularly during a turbulent pandemic time, when various branches of the business are going up and down in tandem with national restrictions, are not a worry.
Nor was its 20 per cent tumble on the launch day of the IPO. As Grab co-founder Anthony Tan presciently quipped after the bell rang: “The stock will go up and it will go down” — as he saw his personal wealth enter and depart billionaire territory within a few hours.
But that wasn’t the point of the IPO. The point was to raise another US$4.5 billion to continue fuelling Grab’s growth in the next few years, in the hopes of more financial stability after 2023.
$Sea(SE.US)$ , for example, traded below its IPO price for a year after its debut in 2017 at just US$15. This year, they peaked at over US$350, despite the fact that its Shopee platform keeps bleeding money.
Even after sliding to US$260, analysts retain forecast of close to US$400 — 26 times of what the company was worth four years ago.
The company started as a taxi hailing app, creeping up to become an Uber competitor, later moving into food delivery only to see this business explode and dwarf the mobility branch amidst the pandemic lockdowns.
The birth of GrabMart and grocery deliveries — with GrabFinance wrapped around all of these — offers another layer of digital finance services, allowing Grab to become a superapp people will use for far more than just moving from point A to B.
Just like how $Amazon(AMZN.US)$ started with selling books, before it became the world’s largest e-commerce retailer, cloud service provider and, recently, a full-on entertainment outfit making multibillion dollar shows (like the latest take on the Tolkien’s saga), companies like Grab are seen for the opportunities access to millions of willing buyers gives them, not their current operations.
A dollar spent (even a borrowed one) on growth into new markets and new services, gives a promise of a future return far outweighing the current expenses.

$Coinbase(COIN.US)$ Oh boy here comes the gloom and doom...we told ya'll that crypto was trash, it won't end well will it? Note Coin dropped to it's 52 week low in the third quarter, something like $208....it's still above $300. Previous year earnings were what 23 cents? Now they are 1.62 per share, and estimates averaged 1.43...oh i'm shocked and appalled....also note BTC bottomed at about 41K in the third quarter, today its at 67k. Wonder what 4th quarter is going to look like...i think me and Cathie will be buying tomorrow.

$Coinbase(COIN.US)$ the 13% drop after a slightly poor quarter which should be expected (Jul~Sep)anyway?
everyone forgot that the recent run up is because $Bitcoin(BTC.CC)$ started rallying in oct till now? which is a 4th Q result…

$Apple(AAPL.US)$ In 2006, when I was in my senior year of high school, I finally got my own phone, a Nokia black and white model. I think it had already been discontinued at the time; my mom left the rest for me. Nothing else has changed. I still listen to the 128m mp3, and I still like the girl in the liberal arts class. This year, I finally saved enough money to buy a CD player, but I don't want to buy a CD player anymore. There were a few people in my grade who had iPods in their hands, held headphones, shook their heads, and read words. This was a trend at the time. And this trend was hard for her to refuse; after all, it was the most popular and powerful music device at the time.
I took out all my savings and bought a 30g iPod Classic at Hailong Electronics City in the village. At that time, Apple stores in the village were already blooming everywhere. I packed the machine and accessories in a large mooncake box, took out the mooncake inside and dried it, then covered the box and secretly tucked it under her desk during the dark and windy night of the month. The next day was her 18th birthday.
In 2007, I was in my first year of college, and during the summer vacation of my senior year of high school, an old lady who was very good with my family gave me an 8g iPod Nano. I had forgotten about the last generation. I was happy for a long time because I finally got my own iPod. Back then, when Nokia dominated the mobile phone industry, my dad gave me the Nokia N73, the most popular machine king at the time. Just like that, I arrived in Chengdu with an N73 in my left hand, an iPod in my right hand, and a big bag and a small bag. At that time, I heard that in the US, a lot of people lined up...