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GoTo Gojek's Shares Hit Lower Limit Despite CFO's Assurance of Corporate Health

Por: MarketWatch Business December 09, 2022

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The internet technology company's shares fell to the 7.0% lower limit at 93.00 Indonesian rupiah ($0.01) in morning trade. The shares have fallen 63% since Nov. 30, when the lock-up period for its major shareholders expired, and by more than 70% since the company's initial public offering. In an online presentation Thursday, Chief Financial Officer Jacky Lo told investors that GoTo was well on the path to profitability, pointing out... + full article



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