Tech Firm's Profitability and Stock Turmoil

GoTo, Indonesia's leading tech firm, reports a significant drop in Q3 underlying losses, attributed to cost-cutting measures and positive contribution margin. Despite this, the company's net losses remain high. Meanwhile, a tech startup's stock price experiences a rapid rise and fall, with the founder losing a significant portion of their wealth. GoTo recovers from a 19% selloff after the founder sells a substantial number of shares, causing concerns about the market environment and regulatory uncertainty in Indonesia.