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$Grab Holdings (GRAB.US)$ I think this will continue its dro...
$Grab Holdings (GRAB.US)$ I think this will continue its drop on Friday, but not by much and it will definitely rebound. For those who are still stuck at the company sucks for ill treating their driver partners n vendors mentality, you couldn't be helped. Now that it has reached a certain market share, it only makes sense to cut benefits previously given so that the company can progress and eventually turn profitable. In addition to that, Grab have made moves into so many other products and services that will change lives of people living in SEA worth noting. If you think this co sucks, that's probably because you are looking at it as a driver partner or vendor, not that of an investor, shareholder, trader or even speculator.
*On the side note, I am a holder of Grab, just a small token amount to support the business and services that most of us in SEA are using or will be using in the future.
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102315873 : But Grab can't ignore them in favour of their shareholders simply because they are facing intense competition for both drivers/restaurants/merchants and paying customers in all of the sectors they are in. Their offerings are not particularly attractive and there is really nothing stopping anyone from switching to a competitor if they can get even a marginally better deal. Unlike what some of the (mostly non-SEA) analysts seem to think, they are far from being the "market leaders" in any of the sectors.