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Serious GRAB - A Public Listed Company wef 2 Dec 2021
- Thread starter shiokalingam
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Grab is a trash company. They started off quite OK, taking care of their drivers and operational needs. Then, management graduates started to be recruited and came in, and with that their ideas they learnt in school which was wholly inappropriate for a fast response market operating in an environment like SG.
Some of their failed ideas: start cutting costs. start squeezing the drivers, the very people that make money for them. start being uppity and trying to place themselves as the creme of private transport, when in fact it is just a convienient taxi service, start killing off competition and with that lowering their own revenues.
So the root cause of Grab sinking is the intake of non-entrepreneurial people into the organisation. I know of many drivers who complained about Grab and will from now on refuse to drive for Grab. They want Grab dead. That says how much Grab is despised in the driving community.
So if you are an investor, position yourselves for Grab's demise. Short it? Maybe timing is key.
Edit: The monetary authorities are eyeing carefully at Grab. If you were the officials in charge, would you not worry your reputation is at stake? If it gets any worse, they may pull the banking licence from Grab. Or otoh, Temasek may take it over wholesale but here is the danger....who will be competent and entrepreneurial enough to run it profitably? Any Tom Dick or Harry can run it the usual way Temasek does it...by throwing money at it.
Some of their failed ideas: start cutting costs. start squeezing the drivers, the very people that make money for them. start being uppity and trying to place themselves as the creme of private transport, when in fact it is just a convienient taxi service, start killing off competition and with that lowering their own revenues.
So the root cause of Grab sinking is the intake of non-entrepreneurial people into the organisation. I know of many drivers who complained about Grab and will from now on refuse to drive for Grab. They want Grab dead. That says how much Grab is despised in the driving community.
So if you are an investor, position yourselves for Grab's demise. Short it? Maybe timing is key.
Edit: The monetary authorities are eyeing carefully at Grab. If you were the officials in charge, would you not worry your reputation is at stake? If it gets any worse, they may pull the banking licence from Grab. Or otoh, Temasek may take it over wholesale but here is the danger....who will be competent and entrepreneurial enough to run it profitably? Any Tom Dick or Harry can run it the usual way Temasek does it...by throwing money at it.
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A US$71 billion plunge casts doubt on Singapore’s new economy aura
Mon, 4 April 2022, 12:16 pm(Bloomberg) — Singapore’s two largest new-economy firms have been touted as the next big thing for years. A US$71 billion rout in their share prices in 2022 seems to show investors aren’t buying the story.
Shares of ride-hailing company Grab Holdings Ltd. have more than halved since the start of the year while gaming and e-commerce giant Sea Ltd.’s stock price has tumbled by 46%. The two U.S.-listed firms are languishing at the bottom of the MSCI Asean Index, with Grab among the biggest losers on the Asia Pacific stock benchmark as well.
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SoftBank posts $23.8 billion Vision Fund loss on tech slump
https://www.straitstimes.com/busine...ts-238-billion-vision-fund-loss-on-tech-slump
does this potential cancerous stricken chibyekia takes grab or drive own car?
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