✉news BusinessMarkets first seen 5 h ago, last 4 min ago, peak #4
GoTo Shares Plunge After Stock Exchange Removes Price Floor
Shares in Indonesian tech group GoTo fell sharply after the Indonesia Stock Exchange removed the price floor protecting the stock. The floor had capped how far the shares could fall, and its removal allowed the market to reprice the company downward. The move is drawing attention to pressure on one of Southeast Asia's most prominent listed technology firms.
Why now: The exchange's removal of the price floor triggered an immediate selloff that investors are reacting to.
Rank over time, top of the chart is #1. 5 snapshots from 5 h ago to 4 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/184207