jaster
2022-05-11

Getting people to use your so-called "superapp" is trivial when you throw enough money at them, to the extent that every transaction made through the app makes is unprofitable. The difficult part is getting people to continue using your app even when the frankly obscene amount of subsidies are withdrawn. 


Grab has never been capable of the second part. It's for this reason that I am extremely skeptical of those who think Grab will ever succeed. Grab's response everytime usage numbers falls is to throw even more money at the problem. They have consistently racked up billions of dollars in losses, and this number only continues to grow ever larger. How can such a company ever be profitable? What happens when the money runs out?

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Comments

  • Aivern
    2022-05-11
    Aivern
    digital bank is the play. they've won the pioneer lincenses in sg and msia. it's like how wechat built an entire ecosystem within their app. once u have banking license the game changes.
    • AivernReplyjaster: 
      gonna convince you otherwise. again, they dont need to conquer the SEA markets to be a $5 share, which is the point you're missing. you can short the stock, and i'll load it up below $2, let's move on
    • AivernReplyjaster: 
      bankrolled, my bad. based on your logic, all credit cards should offer the same cash rebates - yet that isnt the case. you're just repeating your points and if you fail to see the use case then im not
    • jasterReplyAivern: 
      And I think you mean "bankrolled by sovereign funds". I suppose you are referring to the alleged stake Temasek Holdings had in Grab. I think you are overestimating the impact of such a stake...
    • jasterReplyAivern: 
      Of course the product matters. Would you use a credit card that gives you 1%, if a competing card gives 2% under the same circumstances? Surely not!
    • jasterReplyAivern: 
      .... Having a sovereign fund as one of your stakeholders is no guarantee of success. Many companies have failed in the past despite having them.
  • Ztradee
    2022-05-11
    Ztradee
    Give them a little more time. Many wanted to see Grab successful too.
  • MinkyHuat
    2022-05-11
    MinkyHuat
    Well said
  • Joel Santos
    2022-05-11
    Joel Santos
    [Like]
  • TKe
    2022-05-11
    TKe
    Ok
  • Shi18
    2022-05-11
    Shi18
    好
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