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TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read “, or literally “too long; not read ” 1. (Internet) To express that the message that was sent was not read because it was too long. 2. (Internet) To express that the following is a summary of the text too long.
After China, Uber is withdrawing from Southeast Asia. To leave the region with its head held high, the American firm has reached an agreement with its regional competitor Grab.
Why this is important: This agreement leaves a very bitter taste to Uber insofar as the VTC platform has made annual investments estimated at nearly 200 million dollars to try to impose itself in Southeast Asia. Dara Khosrowshahi having set himself the goal of achieving operational break-even in 2019, the year in which Uber’s IPO is scheduled, Travis Kalanick’s successor had no choice but to lower the flag in the face of the competition. of Grab in Southeast Asia. By getting its hands on Uber’s assets in the region, Grab now has a boulevard to keep its competitors at bay.