Grab biggest layoff since pandemic
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 Jun 20 2023, 02:26 PM
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#1
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Senior Member
5,614 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh   
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QUOTE(JoeK @ Jun 20 2023, 03:22 PM) Grab still havent untung until now? Not yet But the quarterly losses keep thinning down until now. Hopefully this latest round of retrenchment will finally bring their quarterly to a green?   |
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Jun 20 2023, 02:34 PM
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#2
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Senior Member
5,614 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh
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QUOTE(louiszzz @ Jun 20 2023, 03:29 PM) retrenchment do not bring the number to green LOL It helps trimming down the overhead cost which lead to nett losses woso bro.Any cost cutting measure to reduce cost would be great. For me, if grab really wanna start boom their profit. Just start to allow outside advertiser to do subliminal advertising based on each user profilization. Sure revenue and nett profit boost kaw2. But up to hrab when to start allow those as it will turn into an ad spamfest like in facebook and instagram anakkk liked this post
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Jun 20 2023, 03:09 PM
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#3
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Senior Member
5,614 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh
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QUOTE(yeezai @ Jun 20 2023, 04:07 PM) No idea how a ride apps make losses ..not much overhead cost, their driver all comm based .need to hire minimal staff only ..no need much advertisement cost since everyone needs a ride ..no ? I see uber don’t have any ads By burning early investor money la dude.Early days last time grab uber so cheap. Ride so far still oay between rm5-15 only. Commission pay out to the driver that early days more than double the charge amount. Wheres the additional money coming from? Their funder money lor yhtan and JimbeamofNRT liked this post
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Jun 20 2023, 06:44 PM
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#4
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Senior Member
5,614 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh
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QUOTE(TOMEI-R @ Jun 20 2023, 06:37 PM) 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. They oso smart.Debt is money yo 😏😏 As long as every quarterly can show increase revenue and decreasing loss… Money gonna keep Pumping Rich Dad liked this post
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Jun 20 2023, 09:34 PM
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#5
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Senior Member
5,614 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh
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QUOTE(TOMEI-R @ Jun 20 2023, 10:27 PM) It's like a bloody big smokescreen to mask their ulterior motives. Just look at TwitterBy the time the company crashes and burn, the founder, top management and investors are already laughing all the way to the banks. Only difference is this is done the legal way. It has never ever recorded any profit since founded by Jack Dorsey Yet Jack Dorsey managed to become a billionaire. Got buy off for stupid money from yilon ma some more |
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