Grab Shares Dive After Outlook Miss Highlights Internet Downturn
(Bloomberg) — Grab Holdings Ltd. shares plunged after it predicted full-year revenue that trailed estimates, suggesting caution around a Southeast Asian ride-hailing and food delivery market where GoTo Group remains a formidable rival. Most Read from Bloomberg The company expects a 19% to 22% rise in sales to $3.33 billion to $3.4 billion this year,…