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The GoTo Mirage

Monday, November 10, 2025

The Attorney General's Office suspects that affiliated transactions and powerful interests drove Telkom's investment in GoTo and  later paved the way for GoTo's listing on the stock exchange.

arsip tempo : 177077734361.

An investor monitors GoTo's stock movement via a cellular phone with the Telkom Indonesia logo in the background, in Jakarta. Doc. Tempo/Hilman Fathurrahman W. tempo : 177077734361.

PRESIDENT Prabowo Subianto’s remark a year ago—that small investors playing the stock market would lose money—has proven true. The share prices of several issuers have plunged after their Initial Public Offerings (IPOs) and struggled to recover, even to their starting levels. As a result, much of the public’s investment has evaporated. This is where the stock exchange turns into a casino.

In the case of GoTo shares, not o

...

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