I sold Grab at a loss of 50%

2022-01-05

No price-conscious consumers use Grab for ride-hailing anymore. We all use AirAsia or cheaper alternatives. Grab has 14 billion USD in debt, 787 million USD in Annual revenue, and over 400 million USD in quarterly interest on that debt.I just found my newest short position. Wish I had gotten here two weeks ago.

I bought Grab for around $14. Sold at $7. Why did it drop and now go back now. No logic. The market goes up when the big whales want it to. They can bring it down as they wished.$Grab Holdings(GRAB)$

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