GoTo's stock price hits rock bottom. Is a rebound around the corner?

Indonesian tech giant PT GoTo Gojek Tokopedia Tbk’s (GoTo) stock price has been languishing at an all-time low of 50 rupiah apiece since June 25 as big investors continue to sell the stock, according to Indonesian Stock Exchange (IDX) data. The stock price is down 85% from its listing price of 338 rupiah apiece in April 2022.