Grab Holdings Ltd

Grab Holdings Ltd, Southeast Asia's biggest ride-hailing and food delivery firm, expects to break even on its adjusted EBIDTA by the second half of 2024 as it accelerates toward profitability, company officials said. Its group adjusted EBIDTA loss is expected to be $380 million for the second half of 2022, a 27% improvement compared with the first half of the year. "Our cash position is not something that we take for granted. We will maintain a prudent stance in how we allocate and deploy our capital with this cash…

SoftBank Founder Masayoshi Son said there is "confusion in the world" and in the markets due to a number of factors including Russia's invasion of Ukraine, high inflation and central bank moves to raise interest rates. These factors have contributed to a record annual loss at SoftBank's Vision Fund.Kentaro Takahashi | Bloomberg | Getty ImagesSoftBank on Thursday reported a record loss at its Vision Fund investment unit, as technology stocks have been hammered by rising interest rates and Beijing's regulatory crackdown has…

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during a Bloomberg Technology television interview in San Francisco, California, U.S., on Tuesday, Dec. 14, 2021. David Paul Morris | Bloomberg | Getty ImagesUber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it's recovering from its coronavirus lows and wouldn't have to put up "significant" investments to keep drivers on the platform.But it also reported a $5.9 billion loss during the period that…

An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background.AmazonThe tech sell-off of 2022 accelerated in the past couple weeks, with first-quarter earnings reports highlighting challenges like inflation, supply chain shortages and the war in Ukraine.For some tech leaders, the market swoon has created a double whammy. In addition to grappling with their own operating headwinds, they were among the most active investors in other companies during the extended bull market,…