Grab and GoTo under pressure over driver deals as shares slump

Grab and GoTo face pressure to offer better deals to drivers, squeezing margins. GoTo's share price has fallen 90% from its 2022 peak, while Grab's is down 50% over the past year.

• GoTo shares down 90% from 2022 peak
• Grab shares fell 50% in the past year
• Both face pressure to improve driver conditions
• Margins are being squeezed at Asia's market leaders