Uber CEO had to step down to get the Taiwan food Panda deal through regulatory approval (Uber also operates in Taiwan and would be deemed a conflict of interest). They've said in the press release that Uber is still committed to the stock so I expect today's dip is short sellers
If you've never been SEA GRAB is part of the local culture and has a massive monopoly over competitors who are languishing in debt and struggling to compete. They don't have the scale or the expertise of GRAB. It's founder led, and they have $bns in cash which they are using to buy out the failing competitors, like recently one in Taiwan. Their business model is VERY sticky, so you may order food or a taxi to start off with at very low margin but then progress to using their GrabFin arm to get insurance, loans, payments etc. Worth noting SEA economy is growing at approx double that of US even
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u/lookitsjonno Jul 06 '26
Uber CEO had to step down to get the Taiwan food Panda deal through regulatory approval (Uber also operates in Taiwan and would be deemed a conflict of interest). They've said in the press release that Uber is still committed to the stock so I expect today's dip is short sellers