$Grab Holdings(GRAB)$has been a bit volatile last night. Do not be swayed by market sentiments. For me, I choose to hold on but I have not increased my holdings for the time being as I believe it may fall further.
It is fighting against macro conditions, especially by not laying off staff. I hope it can continue to adapt to market conditions and improve in the long run.
In the short run, it just has to do one thing: Survive. After Investor Day this week, Grab is showing that it wants to assure investors.
In my previous article, I mentioned that the only way was to win hearts and minds of both their drivers and consumers alike. I hope that they do not choose a business model that just focuses on making profits.
@TigerStars@MillionaireTiger@TigerEvents
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- amroui·2022-09-28From investor day, the Grab biz strategy takes a leaf from Facebook. The Grab app strives to be for the gig economy and small biz what Facebook is to its users - a one-stop app for its partners (delivery riders, drivers, and merchants) to both earn from as well as use day-to-day. That data and consumer pattern then translate to advertising dollars and valuable data insights. With that, they fuel their micro-finance offerings, similar to the success of micro-finance in India. This is exciting because it caters to an audience that traditional financial institutions lack a solution for, hence bridging a gap and being a go-to platform for them. In SEA, the closest competitor with such ambitions isn’t SEA, is Goto (GoJek). Love your calm assessment, and agree i think it’s gonna fall further, but i’m very excited to see the future when they pull through this period [Victory]1Report
- historyiong·2022-09-29I am staying far away from GRAB - It looks like it is going to drop off a cliff.1Report
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