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Grab crashes 37.3% after Q4 net loss nearly doubles
It chalked up a net loss of US$1.1 billion compared with US$576 million a year ago, for the fourth quarter ended Dec 31.
Shares in the company crashed on Thursday (Mar 3) after the results release to close at US$3.28 in New York, marking its largest single-day plunge. A total of 115.9 million shares changed hands.
