Investors shun GoTo's stock amid sea of red ink and brightening prospects of peers

Investors shun GoTo's stock amid sea of red ink and brightening prospects of peers

Andre Soelistyo, CEO of Indonesian super app and e-commerce platform provider GoTo, appeared humbled by the more than 50% increase in its net loss in 2022, calling the period “challenging” and an “inflection point” for the company, which has struggled to turn a profit.