Problem is investor@people still keep pumping money into it. To me this kind of business are like money game @ pyramid schemes. Investors keep pumping money into the company and keeps everything running like a merry go round. Company officials will have a field time spending investor money like no tomorrow. When the investor money stops flowing in is when the whole circus starts to crumble. Whoever still in it will take the full brunt.

This post has been edited by TOMEI-R: Jun 20 2023, 05:40 PM

Hope your wife has a speedy recovery man

Their overhead costs are damn high la

You think the tech that runs the entire thing is cheap? You think can just spin up a cloud server and be done with it?

Not to mention the cost of support to handle all the operational woes.

Their service is not a luxury game, good reliable service is not that important compared to cheap fares. To succeed, they need volume, which is why they fought hard against Uber in the early years. See who got more marketing budget to burn, winner takes all.

You don't think they know your perspective? Its valid, but it won't make them money and eventually they will die if follow what you say. They have the data to derive decisions from, they know which prices consumers can accept and what they can't. Don't be surprised if prices were A/B tested in large numbers to compare.

The stupid thing they're doing is squeezing their riders/drivers which is the life blood of the company. Without them, nothing runs. Their new rates are ridiculous, though I can see what they're trying to do. I think its the wrong move. The layoffs are to be expected, its happening to all major companies around the world.

Serious talk though, the kind of business Grab is in, is a really tough business to get working. Balancing the 3 pillars (customer, rider & self) is extremely difficult. One pillar sure kena tekan like shiet.

They oso smart.

Debt is money yo 😏😏

As long as every quarterly can show increase revenue and decreasing loss…

Money gonna keep
Pumping

Gotta keep up the pump...

Big papa pump says this lay off is goodin....

this kind of co also can get US$100M funds from investor

Last time people angry with govt for letting Grab to Sinkapor.

car-some 8 years rugi still want gomen to invest . how?

well said

this, and lalamove

most of the riders that I know do lalamove just to survive. can easily choose job, compared to grab. can get cash on the spot ( even it is kinda small amount )

imagine lah you got order 5-9 KM from your current spot, then need to send to another place which is another 5KM. which is a pprt and you need to deliver it right to the doorstep, at 15th floor

imagine one of the elevator rosak

easily 30 mins gone just like that.

all for rm3.90 after deduct commissions

all for your petrol, ride maintenance, gaji.

--

that's why some of these riders took 2-3 orders at one go, then cust complaint why the order take so long to arrived.

This post has been edited by JimbeamofNRT: Jun 20 2023, 07:04 PM

I see, they should have do it the proper way.

Goldfinch Bio

Company: Goldfinch Bio

Select VC investors: Third Rock Ventures, Gilead Sciences, BlackRock

Total disclosed funding: $214M

Goldfinch Bio falls from the sky after failing to find a path forward for kidney treatments

“CEO Tony Johnson and Chief Financial and Operating Officer Kyle Kuvalanka told Fierce Biotech that the company is closing up shop after failing to secure additional financing. Goldfinch is now in an assignment for the benefit of creditors in Delaware court, an alternative to bankruptcy.

‘Unfortunately, we had funding challenges, just like I think the rest of the environment, particularly private companies, in the current macro environment,’ said Johnson. The two executives said the company had reduced its workforce over the course of 2022 while winding down and has been operating with a small staff.”

------

https://latana.com/post/wework-deep-dive/

From Unicorn to Fiasco: How WeWork Crashed & Burned



Reporter Matthew Zeitlin pointed to the company’s expensive, unprofitable business model, as well as unethical and questionable behavior by CEO Neumann, as the main reasons the brand was failing.

This post has been edited by JimbeamofNRT: Jun 20 2023, 07:14 PM

C level executives are not above reproach

They, too, can mismanage companies, harm brand perception, and need to be let go

but some unicorn co memang liddat one

syiok sendiri to the max

This post has been edited by JimbeamofNRT: Jun 20 2023, 07:18 PM

For in drive u dont have this problem.

The only arrogant company who keeps drivers with their own cars as slaves with rules that you cant even break. They showed whose the boss after taking over Uber Sadly it will go down one day, and now its the beginning. They lost their customers when they became greedy. Hiking up prices as they wish, forgetting their slogan once upon of time desperately, the cheapest of all, even they can beat taxis price Now grab seems like the most expensive of all. Even taxis are other EH are cheaper..........

my cousin also being impacted.. it's no mercy for Singaporeans.

You jelly? It's not guaranteed he will be affected. And even if he is, he is still much richer than you and can find a new job.

Rush hours still very hard to find grab car.. missed the pre pandermic time..
3am still find get grab car to penang airport. Now macam very hard.

yup, really showing their true colors after eliminate their main competitor

Masayoshi almost blow another 3 billion on this one, althought it still lost billions in wework

Pls pump grab