I couldn't understand why Grab$Grab Holdings(GRAB)$ would lose so much money in Q4. Really, 1.1 billion USD loss, on 122 million revenue. Then, I realised that it is all about keeping up market share before the IPO in Jakarta for Grab's big competitor, Gojek. In all the same markets. Now they will be in a competition to the death. Both, as public companies need to show growth and market share increases, and all in markets with very few people who can really afford the service. Two scorpions in a bottle.
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Comments
Giving too much perks.