Shares of Elang Mahkota Teknologi (EMTK), controlled by Eddy Sariaatmadja, collapsed 12.5% to Rp6,300 Tuesday (Sep 10) following reports about downsizing of workforce at bukalapak.com, one of Indonesia’s so-called Unicorns. Shares of EMTK have dropped significantly since mid 2017 despite growing ‘valuation’ of Bukalapak. To subscribe please click here