JAKARTA -- A co-founder of one half of merged Indonesian superapp provider GoTo has stepped away from day-to-day management, as the company struggles to turn a profit amid a downturn in the global technology industry.
Technology
GoTo seeks path to profit as a key player takes a step back
Move comes as founding CEOs at regional rivals Sea, Grab tighten grip
GoTo executives appear at the company's inaugural annual shareholders' meeting on June 28 after listing in April. (Photo courtesy of GoTo Group)
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