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Image source: Getty Images. Grab comes up short. Revenue in the quarter rose 17%, or 23% in constant currency to $664 million, which missed estimates at $673.2 million.
Grab is undergoing a restructuring focused on lowering costs, with measures including cuts to its cloud bill and consumer and worker incentives. "While we tried to optimize our bottom-line, we're ...
Grab Holdings, Southeast Asia's most valuable technology unicorn, plans to delay the closing of its merger with a US-listed special purpose acquisition company (SPAC) until the fourth quarter. The ...
Grab Holdings Inc. is a Singaporean multinational technology company headquartered in One-North, Singapore. It is the developer of a super-app for ride-hailing , food delivery , and digital payment services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.
MGM Holdings (20%, with Sony Corporation of America, Providence Equity Partners, TPG Capital, DLJ Merchant Banking Partners and Quadrangle Group), split in 2010 due to the emergence from bankruptcy, now owned by Amazon.
A significant restructuring at Grab, which included reducing 1,000 jobs and slashing some technology costs in 2023, is helping the company push ahead in its goal to deliver positive free cash flow ...
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