Grab reports a $1.1B net loss in Q4 as revenue declined 44% YoY to $122M; after going public via SPAC in December, Grab has lost $15B+ in market value (Bloomberg)

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Bloomberg:

Grab reports a $1.1B net loss in Q4 as revenue declined 44% YoY to $122M; after going public via SPAC in December, Grab has lost $15B+ in market value  —  Grab Holdings Inc., Southeast Asia’s ride-hailing and delivery giant, reported mounting losses as the pandemic depressed demand for mobility services.

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