Andy Shen84
doctorpot1
:
even q1 and q2 also not yet profitable..too many competitors...still cutting throat to gain market share..doubt short term won't be so fast profitable
doctorpot1
Andy Shen84
:
I don't think getting to profitability is the plan for these 2 years also. they are burning money for growth. look at the growth they have quarter over quarter.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
飞上宇宙 : latest news? next week will fly?
Andy Shen84 : lol I think not by grab itself..if you go google grab reporting..Q3 2021 net loss near to 1 billion...
Edison Ong : Where is this report from?
IAmMooMoo OP Edison Ong : report from moomoo app.
IAmMooMoo OP 飞上宇宙 : no idea.. saw this from moomoo app under news of grab..
doctorpot1 Andy Shen84 : yup most of the losses are non cash loss due to expenses for listing in stock market. https://www.straitstimes.com/business/companies-markets/grab-posts-134-billion-net-loss-for-q3-as-covid-19-curbs-hit-ride-hailing
Andy Shen84 doctorpot1 : even q1 and q2 also not yet profitable..too many competitors...still cutting throat to gain market share..doubt short term won't be so fast profitable
doctorpot1 Andy Shen84 : I don't think getting to profitability is the plan for these 2 years also. they are burning money for growth. look at the growth they have quarter over quarter.