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 (Nana Shibata/Nikkei Asia) 20-03-2024

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.