Indonesia-listed tech giant GoTo can be a wealth creator or wealth eroder, depending on whom you ask.
For state-owned Telkom Indonesia, for instance, its two-year-old investment in ride-hailing giant Gojek resulted in unrealised losses of 3.06 trillion rupiah ($200 million) for the period Jan-Sept 2022 (9M 2022), according to the telecom company’s latest earnings.