Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Grab's shares fell over 8% despite positive Q4 2023 earnings, with revenue guidance slightly below expectations causing market concern. GoTo plans to repurchase $200 million of stock after achieving its first-ever profit on an adjusted basis. Altria bought back shares worth $2.4 billion. Tech startups in Southeast Asia, including Grab and GoTo, face challenges due to higher interest rates and SoftBank's Vision Fund.
Alight Stock Jumps. It’s Selling a Business Unit for $1.2 Billion and Buying Back Shares. https://t.co/DmyV5WhkLS
GoTo shares drop as the company unveils a $5.8 billion loss after selling its e-commerce platform to TikTok. https://t.co/5QIuGqh2YK
GoTo reports $5.76B net loss for 2023, up 2x+ YoY, due to a write-down on TikTok's acquisition of a ~75% stake in GoTo's Tokopedia, on a net revenue of ~$933.6M (@nanashibata_en / Nikkei Asia) https://t.co/iMK0PhvTY4 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Dpzf0z1jzH