Grab Loses Second Top Executive in Six Months as President Quits

11
3
Favorite

Grab Loses Second Top Executive in Six Months as President Quits

Bloomberg2023-11-15

Co-founder Tan Hooi Ling will quit the board by DecemberGrab this month posted its first-ever profit on adjusted basisMing MaaGrab Holdings Ltd. President Ming Maa is leaving the Southeast Asian ride-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（3）

Shivam
·2023-11-16
Depends on your holding period! Short term might look like a sinking ship but long term the story might be completely different
Reply
Like
Report
HiddenDragon
·2023-11-15
Cost cutting in action.
Reply
Like
Report
Nomadr
·2023-11-15
It's a sinking ship
Reply
Like
Report
Fold Replies
- nick_rock:
  yes sinking ship
  2023-11-15
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1135234371?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-15 10:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1135234371","market":"us","top_or_hot":-1,"title":"Grab Loses Second Top Executive in Six Months as President Quits","media":"Bloomberg","content":"<div>\n<p>Co-founder Tan Hooi Ling will quit the board by DecemberGrab this month posted its first-ever profit on adjusted basisMing MaaGrab Holdings Ltd. President Ming Maa is leaving the Southeast Asian ride-...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-11-14/grab-loses-second-top-executive-in-six-months-as-president-quits\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab Loses Second Top Executive in Six Months as President Quits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab Loses Second Top Executive in Six Months as President Quits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-15 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-11-14/grab-loses-second-top-executive-in-six-months-as-president-quits><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Co-founder Tan Hooi Ling will quit the board by DecemberGrab this month posted its first-ever profit on adjusted basisMing MaaGrab Holdings Ltd. President Ming Maa is leaving the Southeast Asian ride-...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-11-14/grab-loses-second-top-executive-in-six-months-as-president-quits\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GRAB","symbol_name":"Grab Holdings","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-11-14/grab-loses-second-top-executive-in-six-months-as-president-quits","article_id":"1135234371","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135234371","pubTimestamp":1700014488,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Co-founder Tan Hooi Ling will quit the board by DecemberGrab this month posted its first-ever profit on adjusted basisMing MaaGrab Holdings Ltd. President Ming Maa is leaving the Southeast Asian ride-","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GRAB":"Grab Holdings"},"translate_title":"总统辞职，Grab在六个月内失去第二位高管","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRAB":1.1},"content_text":"Co-founder Tan Hooi Ling will quit the board by DecemberGrab this month posted its first-ever profit on adjusted basisMing MaaGrab Holdings Ltd. President Ming Maa is leaving the Southeast Asian ride-hailing and food delivery company, the second top executive to step down in the past six months.Maa, 46, is leaving at the end of April to “to devote more time to family matters” in the US and other interests, the company said in a statement. He’ll work on corporate development activities until his departure.Grab this month posted its first-ever profit on adjusted basis, a milestone for the decade-old company trying to convince investors of its earnings potential. While Grab leads Southeast Asia’s ride-hailing and delivery markets, it has yet to reach net income as it’s forced to keep spending to fend off rivals such as Indonesia’s GoTo.The company won’t replace Maa as other senior managers will assume the role’s responsibilities.In May, co-founder Tan Hooi Ling said she’d step down from her operational roles by the end of the year. Tan will formally leave the board from Dec. 31, Grab said Tuesday. She’ll be an adviser to Grab for an initial period of two years starting from Jan. 1 2024, and has agreed not to sell more than 50% of her stake before Jan. 1, 2025.Shares of Grab, which had been one of Southeast Asia’s hottest startups, are down about two-thirds since it went public through a US blank-check company in late 2021. Still, they’ve stabilized this year as its losses narrowed, outperforming its main regional rivals.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":242029812920544,"gmtCreate":1700126333831,"gmtModify":1700126338483,"author":{"id":"4096959266980460","authorId":"4096959266980460","name":"Shivam","avatar":"https://community-static.tradeup.com/news/87dc4a9e2b24585723fc5225be9cbdd6","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4096959266980460","idStr":"4096959266980460"},"htmlText":"Depends on your holding period! Short term might look like a sinking ship but long term the story might be completely different&nbsp;","listText":"Depends on your holding period! Short term might look like a sinking ship but long term the story might be completely different&nbsp;","text":"Depends on your holding period! Short term might look like a sinking ship but long term the story might be completely different","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/242029812920544","repostId":1135234371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":241639312642136,"gmtCreate":1700022544142,"gmtModify":1700022549156,"author":{"id":"3576136587240958","authorId":"3576136587240958","name":"HiddenDragon","avatar":"https://static.tigerbbs.com/041eb19e38ad8e9d74b41569dcdfd51d","vip":1,"crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3576136587240958","idStr":"3576136587240958"},"htmlText":"Cost cutting in action.","listText":"Cost cutting in action.","text":"Cost cutting in action.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/241639312642136","repostId":1135234371,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":241634555740352,"gmtCreate":1700021315256,"gmtModify":1700021320564,"author":{"id":"3567256937368628","authorId":"3567256937368628","name":"Nomadr","avatar":"https://static.tigerbbs.com/87ffa292cf6c6bac6572beb240597005","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3567256937368628","idStr":"3567256937368628"},"htmlText":"It's a sinking ship&nbsp;","listText":"It's a sinking ship&nbsp;","text":"It's a sinking ship","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/241634555740352","repostId":1135234371,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":241637753667768,"gmtCreate":1700021996309,"gmtModify":1700025455907,"authorId":4124320837316172,"author":{"id":4124320837316172,"idStr":"4124320837316172","authorId":4124320837316172,"name":"nick_rock","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.30","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":241634555740352,"type":1,"supId":0,"prevId":0,"content":"yes sinking ship","text":"yes sinking ship","html":"yes sinking ship"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":11,"commentSize":3,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}