Nov 3, 2026 · 7 min
Grab beats estimates as Palantir and Shopify stumble
Grab Rises, Palantir Drops, Shopify Plunges as Revenue Misses for First Time Since 2022
The episode shows how earnings expectations, growth concerns, and demand signals are reshaping investor reactions across technology and consumer platforms.
- 1Grab rallied after beating quarterly expectations and raising its full-year outlook.
- 2Palantir shares fell as analysts flagged slower commercial growth and intensifying AI competition.
- 3Shopify plunged after missing revenue, subscription solutions, and gross merchandise volume expectations for the first time since 2022.
Don't miss
Shopify’s plunge after its first revenue miss since 2022 provides the clearest sign of how quickly earnings expectations can turn against a high-growth company.
The brief
Grab shares rallied after the delivery and payments platform beat quarterly expectations and raised its full-year outlook, with analysts encouraged by its AI initiatives and execution.
Palantir moved lower as its outlook suggested sales growth could slow, while weaker commercial customer growth and rising AI competition added pressure.
Shopify suffered the episode’s sharpest setback after missing expectations for sales, subscription solutions, and gross merchandise volume—the company’s first miss since 2022.
A closing Bloomberg Tech Minute examines SpaceX’s hiring culture, where exceptional ability, loyalty, long hours, and access to equity shape the employee proposition.
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