SummaryGrab recently posted a double-beat on Q3 earnings, sending shares 11% higher.Grab is now FCF positive on a trailing twelve-month basis — the company also reported its second quarter of positive
Unless biden office is out the next election, otherwise dont ever touch stocks if u have not, sponsored articles, bullshit stories, alot of rug n pull influencers and discord telegram chatgroups, i would call them scammers, retail investors are just scapegoats for the company/nfluencers to cash out or exit, as and when the company likes, sell their shares at discounted price, majority of us stocks came down hard, many even reverse stock split so many times till their price cant climb back, is a plunder game for the rich, if u itch to try, short stocks instead while biden is still in officeor go long on giant techs. Buy crypto instead if got extra $ , u have only 1 boss to monitor, tiger app is user friendly but fees are not transparant, fees are add on to your buying price instead of 1 tim
A lot of free cash flow What are u grab drivers and riders waiting for? Short it!
Grab Raises Full-Year 2024 Profit Forecast
May 15 - $Grab Holdings$ raised its full-year profit forecast on Wednesday, underscoring gains from recent cost reduction measures and growth in its ride-share and food delivery businesses.A significant restructuring at Grab, which included reducing 1,000 jobs and slashing some technology costs in 2023, is helping the company push ahead in its goal to deliver positive free cash flow this year.The company now expects adjusted core profit between $250 million and $270 million, compared to its ear