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.
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