Nana Shibata / Nikkei Asia:

GoTo reports a $5.76B net loss in 2023, up over 2x YoY, due to a write-down after TikTok bought a ~75% stake in GoTo's Tokopedia, on ~$933.6M in net revenue  —  Superapp and ride-sharing company expects EBITDA breakeven this year  —  Indonesian superapp provider GoTo's stock price has slumped since the company went public in 2022.

Nana Shibata / Nikkei Asia:

GoTo reports a $5.76B net loss in 2023, up over 2x YoY, due to a write-down after TikTok bought a ~75% stake in GoTo's Tokopedia, on ~$933.6M in net revenue  —  Superapp and ride-sharing company expects EBITDA breakeven this year  —  Indonesian superapp provider GoTo's stock price has slumped since the company went public in 2022.

Source: TechMeme
Source Link: http://www.techmeme.com/240320/p2#a240320p2