There’s no such thing as a mutual breakup. At least that’s what popular culture would tell you. So when a young Jakarta-based stock trading app suddenly notifies its users about how it’s separating from one of Indonesia’s largest conglomerates—and that its users should jump to the conglomerate’s newly-launched stock trading platform—the narrative is set.
Surely, Sinar Mas Group—almost 60 years old—is taking all of its mutual friends (read: users) away from its partner, eight-year-old Stockbit, founded as a social network for capital market investors.
And surely, Stockbit is getting the short end of the stick. Or is it?