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Editor s take: The week that was — Aug 14-19

Editor s take: The week that was — Aug 14-19
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Indonesia s GoTo narrows losses, says on track for profitability

Indonesia's biggest tech firm GoTo on Tuesday said it had slashed underlying losses in the second quarter to US$78.25 million.

Indonesia s GoTo Edges Closer To Profitability As First-Half Losses Narrow To $470

GoTo said on Tuesday that it had managed to cut its losses in the first half of the year as the tech giant’s cost-cutting measures helped to improve its bottom line.

Indonesia s GoTo Cuts Loss After Bottom-Line Focus Pays Off

(Bloomberg) GoTo Group cut its 2023 loss projection after staunching some of the bleeding in the second quarter, taking the Indonesian internet leader closer to its goal of getting into the black after an era of costly expansion.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Fourth Indictment Lays Out Sweeping Georgia Election PlotOut of Options and Money, Argentina Pres

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