Grab’s acquisition strategy shifts as shares fall over 40%
Grab’s Nasdaq-listed shares have fallen more than 40% this year despite buybacks, even as the company snapped up a U.S. investment app and a robotics startup; its latest acquisition is described as underpinning a strategic shift.
Grab's Nasdaq-listed shares have fallen more than 40% this year even as the Southeast Asian ride-hailing group continued buying back stock and adding assets, including a U.S. investment app and a robotics startup, among others. The company's latest acquisition supports a strategic shift.