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Grab Reported Loss of Over S$1 Billion in 3 Months; Share Prices Have Been Falling Si
An honorable member of the Coffee Shop Has Just Posted the Following:
When Grab Holdings Inc was first listed on Nasdaq—an American stock market based in New York—after a merger with special purpose acquisition company (SPAC) Altimeter Growth Corp in December 2021, it was expected to value at US$40 billion. In the first quarterly result released by Nasdaq on Thursday (3 Mar), Grab reported a net loss of $1.055 billion for the three months from December, widening from a $576 million loss a year earlier. This places Grab’s annual loss at approximately... Read more Click here to view the whole thread at www.sammyboy.com. |
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