Conflict of Interest in GoTo’s Transaction
Monday, 7 November 2022
GoTo shares in the stock market continue to plunge alongside news of the exit of several big investors. Telkom’s investment is now at stake.
THE collapse of Telkom Indonesia’s (Telkom) investment in GoTo Gojek Tokopedia should not have happened if the company had been strict in its adherence to business calculations. The evidence shows, through its subsidiary, Telekomunikasi Selular (Telkomsel), the company’s valuation has plummeted continually.
After its initial public offering (IPO) at Rp338 per share on April 11, GoTo shares have plunged to Rp200 at the end of tra...
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