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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How Netflix Can Regain Momentum
We’re now just a couple of weeks away from the second-quarter earnings reporting season. And if history is any guide, first out of the gate will be Netflix’s report on July 19, which is likely to be one of the most closely watched tech earnings updates of the quarter. Netflix’s first-quarter report, revealing a tiny drop in subscribers and forecasting a bigger one for the second quarter,...
Klarna to Raise Cash at $6.5 Billion Valuation in Dramatic Down Round
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China’s Tencent, ByteDance Implement New Round of Layoffs
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