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Better Growth Stock: Uber Technologies vs. Grab Holdings

Better Growth Stock: Uber Technologies vs. Grab Holdings

Back in 2018, Uber Technologies (NYSE: UBER) sold its Southeast Asian business to Grab Holdings (NASDAQ: GRAB), a start-up that bundled various transportation, food delivery, and payment services together into a single "super app." In exchange, Uber received a 27.5% stake in Grab. Grab subsequently conquered about three-quarters of Southeast Asia's ride-hailing market, according to Blackbox Research, and it went public last December by merging with a special purpose acquisition company (SPAC).