Grab Loses Its Tech Lead To This Crypto Gaming Startup

Grab Holdings Inc's GRAB technology head quit the ride-hailing and food-delivery company after seven years to lead a new cryptocurrency gaming venture, Bloomberg reports.
Wui Ngiap Foo, in charge of Grab's mobility-services fleet, would depart on March 31. Foo looked to join crypto gaming startup, Ethlas, as CEO and co-founder in the upcoming week.
Foo was a key member of Grab's leadership team, helping in its combination with Uber Technologies Inc's UBER Southeast Asia business in 2018 and later leading its Microsoft Corp MSFT collaboration.
Grab battled intensifying investor scrutiny over its growth prospects and high cash burn.
Grab's shares have lost more than half their value since its public debut, compounded by a sharp market decline and a dismal earnings report.
Price Action: GRAB shares traded lower by 2.05% at $3.82 in the premarket on the last check Wednesday.