8 things to know about GRAB

$Grab Holdings (GRAB.US)$
8 Things to Know as GRAB Stock Slides Today

GRAB's backdoor listing comes after an agreement with U.S. tech SPAC, Altimeter Growth Corp.

The deal saw GRAB raise $4.5 billion in funding, including $750 million from Altimeter.

Grab is a high-growth contender. Some expect the Southeast Asia digital economy to double by 2025.

The company began as a Malaysia-based taxi app in 2012. Since then, it's expanded into various other industries and mobile services.

Additionally, GRAB has support from some big players. Indeed, Toyota (NYSE:TM), Microsoft (NASDAQ:MSFT) and Uber (NYSE:UBER) each have a stake in the company.

Unfortunately, Grab had less-than stellar revenue numbers to report this past quarter. Revenue was down 9% year-over-year, mostly attributed to Covid-19-related lockdowns across Southeast Asia, especially Vietnam.

However, Grab is aiming for profitability by 2023. At that point, the burgeoning Southeast Asian internet economy is expected to have grown substantially.

The super apps are operational in more than 465 cities across eight countries and offer everything from food-delivery to investment services.

As usual, the best strategy is to DCA.