Grab, Southeast Asia’s ride-hailing giant backed by SoftBank, said its adjusted net sales rose 39% to a record $507 million in the first quarter, as strong demand for food deliveries offset a sales decline in rides amid the pandemic. Its EBITDA loss narrowed to $111 million from $344 million. Grab’s latest quarterly results come as the Singapore-based company is trying to go public in New York...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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