AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Grab, a Southeast Asia-based company similar to Uber Eats, reported its first ever quarterly profit in Q4 2023 and approved a $500 million share repurchase plan. The company aims to reward shareholders by utilizing its cash reserves. Despite a 12% increase in transacting users, the focus remains on managing incentive payments to drive further user growth and order volumes.