Little over two years ago, on May 13, 2022 to be exact, we published an article titled ‘GOTO moves closer to GOCAP (Rp50)’ when the stock was traded at Rp194. Shares of technology firm GoTo Gojek Tokopedia (GOTO) lost 5.36% to Rp53 per share on Tuesday (June 10), to make market capitalization of Rp63.67 trillion. The stock has fallen 39% so far this year (year to date) even when the company’s management claimed improved earnings in the first quarter. To subscribe please click here
