Asia's superapps follow another hot tech trend: mass layoffs

Asia's superapps have have hopped on to a hot new trend in the tech industry: workforce reductions. Southeast Asia's Uber-clone turned superapp, Grab, experienced what CEO Anthony Tan referred to as a "strong third quarter that reflects [the company's] accelerated path to profitability." This included a year-on-year group …

[lglethal]

I see all these are reporting record revenues, but no word on profit.

Can I make the safe assumption, that none of these are actually making a profit yet?

[trevorde]

Revenue is vanity; profit is sanity; cash flow is reality

[Joe W]

no profit

This is how I read the statement "strong third quarter that reflects [Grab's] accelerated path to profitability."