GRAB Holdings is preparing its biggest round of layoffs since the pandemic
$Grab Holdings(GRAB.US$ plans biggest round of job cuts since pandemic:
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102460743 : Want to rise?
倚天屠龙 OP : Not likely. Very unlikely. $Grab Holdings (GRAB.US)$ is far more likely to descend towards $2.67 first.
Matthew D : $Meta Platforms (META.US)$ jumped 20% in a week after job cuts, expect similar move
倚天屠龙 OP Matthew D : $Grab Holdings (GRAB.US)$ lost US$250 million in Q1 2023.
Source: https://www.sec.gov/Archives/edgar/data/1855612/000095017023022877/ck0001855612-ex99_1.htm
$Meta Platforms (META.US)$ earned US$5.709B or US$2.20 per share in Q1 2023.
Source: https://investor.fb.com/investor-news/press-release-details/2023/Meta-Reports-First-Quarter-2023-Results/default.aspx
Those are two very different animals.