TryingStuffOnce

Is Gojek stock ever going to revive?

Left Gojek around 6 months ago. I was hoping that there will be some positive price movement given a lot of folks were literally saying "wait for the end of year, when we become profitable".

I have been tracking the price passively but seems like its only going downhill. My ESOP value is another related sob story.

It seems like there is a much longer wait. How is the mood at the org? Is there a silver lining?

10mo ago

WittyFeed

Venture Capital10mo

Did look a bit into their stock
Honestly, it looked pretty bad because the merger involved both companies that were burning through a lot of cash, and the market just became harsh(or fair)

Compare it with SEA (where Shopee is not EBITDA +ve)

Now with Toko gone, will have to see how GoJek turns around. Is it a very strong user love business, definitely, the revenue retention is great. It’ll just take some time and no more leadership shakeups

KatiPatang

Flipkart10mo

Actually selling Toko was a good move by GOTO. With Bytedance as partner they have lot of upside to gain.

coala

American Express10mo

@salt bhai kya scene ha stock ka

KatiPatang

Flipkart10mo

When my friend joined gojek, he got shares worth approx 60 lakhs. Today they are worth 12-13 lakhs. After tax deduction ke baad ghanta milega. 😂

TryingStuffOnce

Kutumb10mo

Sahi me bhai. Wo to value jis hisaab se aankhon k saamne giri he, can only think about it!

RectangleBro

Quizizz10mo

You should read the investment prospectus and see where the revenue is coming from. Majority is from food and transport; and they’ve more or less saturated their main market (Indonesia Tier 1) while aggressively cutting costs. I think they are mota mota EBITDA positive but they have to expand into new markets / segments so expect the stock price to stay around this number for at least another year or two.

If they are not able to rescue the stock, I also foresee a sale of Gojek, either to Sea group or Grab.

Sherlock007

TCS10mo

@salt please enlighten

Secretman

Gojek10mo

It's all speculation at this point of time. It will probably go up in the next year but definitely not as high as when I got the units assigned. I believe it will take at least one more year to streamline all the BUs and cut costs. And when they have healthy cash flow they can think about expanding and promotions.

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Curated from across

HeiBhagwanGojek16mo

Silent quitting at gojek

Received at least 10+ emails of people exiting today. Most senior managers or leadership positions. Attrition is almost all time high. I got to know atleast 5 more are yet to quit. Something cooking?

RectangleBroQuizizz4mo

People at Gojek India, what’s going on?

The stock is, I understand right now at the lowest possible point without being delisted and it doesn’t look like it will go up any time soon. What’s the sentiment/morale like internally? There was rumoured to be a share buy back at some...

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Gervais_LoserStealth15mo

What's going on at gojek?

Heard they have mandated 5 days WFO and one of the investor has become CEO. Would there be another round of layoffs?

polygotDevloper07Gojek17mo

Things going terrible at Gojek/GoTo

Almost one year later of, Gojek CO-CEO Kevin steped down from his role, today GoTo CEO Andre also stepped down from his position.

Now, one of the the primary investor is taking his role of GOTO CEO. Investor being CEO is worrisome 😞 ...

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https://www.linkedin.com/in/patrick-walujo-94a2701 So a multi billion dollar company with 1000s of employees wil...

SneakyWebGojek6mo

Layoffs at Gojek

Expected layoffs May last week - low probability July first week - high probability

Who's hiring? Could someone refer to their companies?

Or get it on the stores.

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