GoTo Group, the Indonesian ride-hailing and food delivery platform once valued at over $32 billion, is at risk of being dropped from MSCI Inc.’s indexes after its share price plummeted, leaving the stock difficult to trade. MSCI Inc.’s decision, set to be announced on Wednesday, will likely exclude the firm from its indexes, reflecting broader concerns about market performance and liquidity. The potential removal could impact investors holding GoTo shares through index funds and underscores volatility in Indonesia’s tech sector, raising questions about the future of high‑valued unicorns in emerging markets.

Market participants are watching for further signals on whether GoTo can recover and re‑enter major global indexes.