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Thndr Claps » U.S. Claps » Nasdaq 🔔 » Grab shares tumble on extreme losses🚙

Grab shares tumble on extreme losses🚙

by Shams Abbas
March 4, 2022

The Clap👏
Shares of Grab Holding (NASDAQ: GRAB) fell more than 37% after the transportation & food delivery app reported losses of $1.1 billion in Q4-2021.

The deets🧐
The company saw a 52% growth in gross merchandise value (GMV) for delivery & an 11% decline in GMV for mobility, combining for a total 26% increase in GMV. GMV is the total users spent on the platform. 

Despite the increase in use, actual revenue (money coming into the company) fell 44% as Grab is pouring money to attract more drivers ahead of an expected surge in demand as the effects of the pandemic fade.

Why this matters🤔
Grab is Southeast Asia’s biggest food-delivery & ride-hailing company, & has lost almost 80% of its market value since its IPO.

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