Gojek, Tokopedia face $140m lawsuit over the name GoTo

Details:

• PT Terbit Financial Technology asked the court to declare the company as the only legal right owner of the “GoTo” brand. The company claims that it has the right to the brand GoTo and asked Gojek and Tokopedia to pay 2 trillion rupiah (around US$140 million) as compensation.
• A representative from the GoTo Group said that the company is aware of this issue and will respect the ongoing legal process until its conclusion. “We have successfully registered the GoTo name with the relevant authority and always operate in line with local regulations,” he said.

Dive deeper:

• In May this year, Gojek and Tokopedia officially announced a merger to form a new entity called GoTo Group. (Read also: How a decade of work led to the GoTo merger)
• It is not the only tech company that has faced lawsuits after rebranding to a new name. Social media giant Facebook also faces a legal complaint from a Chicago-based tech firm called Meta Company regarding the usage of the word “Meta” as its new name.

Currency converted from Indonesian rupiah to US dollar: US$1 = 14,271 rupiah