TechFinancial Times58m ago
GoTo and Grab face pressure
GoTo and Grab face pressure to offer drivers better deals; GoTo's share price has fallen 90% from its 2022 peak, while Grab's has fallen 50% in the past year
TL;DRRide-hailing giants GoTo and Grab are losing value as pressure mounts to pay drivers more.
Why it matters: Driver economics directly impact profitability and sustainability of dominant Asian mobility platforms.
Asia's market leaders Grab and GoTo face squeezed margins over push to offer better deal to workers
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