Ann: 1H19 Results Presentation (Part 1), page-32

Freelancer is a dying (old) dog. It tumbled down to 0.40, 0,50 c and got some new momentum when UPWORK launched its IPO IN OCT 18. Investors had a look at similar companies, FLN has benefited somehow. Since then it went down again ! Then FIVERR launched its IPO in june 19, as you can see FLN had a new all time high for 2019. But the gig is more likely over now. The company is not really profitable, the business model is very weak and the adjacent companies ESCROW, FREIGHTLANCER have been good cheerleaders to keep interest in the stock. Also FREELANCER s growth model was exclusively due to take over s (all over the world) for many years now.

Keep an eye on UPWORK, FIVERR whenever they will sink (more), FREELANCER will follow even harder. It will not take longer then the end of the year to see FREELANCER back at 0.50 c Especially now with a recession in the make.

I call it also bluff whoever claims FREELANCER to be a good investment during a recession and massive unemployment period.

The core business of FREELANCER is all smoke and mirror, They have very few reliable freelancers and try to hide this by not openly advertise their FREELANCERS with a decent solid profile, reviews and the skills they manage. Many of these indian freelancers are low quality workers with 4 - 5 accounts bidding on the same projects. Its a nest of cockroaches that offer no good value for the freelancer platform and its paying customers seeking good services. Well skilled trained workers are placed by interim / specialized agencies all over the world and don't end on a cheat and deceive platform .

Freelancer also suffers from platforms that allow you to build all kind of great applications without technical knowledge. And as i mentioned before, the skilled workers are just not on FREELANCER.COM, they have better things to do then to work for amateurs that want to become the next google on a shoe string budget of 1.000 $

FIVERR understood this and made a platform that is more open then FREELANCER.COM . FIVERR wouldnt exist if FREELANCER did a better job. But they have unfortunately missed a lot of trains.

FIVERR and UPWORK are going to end up below the 1 b$ market cap soon. It is way overvalued and the platform can only take x amount of customers / clients.


https://finance.yahoo.com/quote/UPWK?p=UPWK&.tsrc=fin-srch
https://finance.yahoo.com/quote/FVRR?p=FVRR