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Ann: 2019 Full Year Results Presentation, page-7

  1. 598 Posts.
    lightbulb Created with Sketch. 65
    That is the problem:

    If you have 166.000.000 $ in sales on your platform and 50.0000.000 $ goes to the platform owner then you have a fee structure that represents 30%

    FLN may claim 13% fee but the real fees are 30% and they are split between buyer and seller.

    The business model cannot grow if clients and workers have to pay these insane fees. Every logical company / individual will arrange backdoor agreements with buyers / sellers to avoid the exuberant fees.

    If you happen to doubt me just have a look at the share place. And once again, FLN temporarily shares price moonshot till almost 1$ is entirely thanks to the IPO of UPWORK, FIVERR. But the bubble already popped.

    SERVCORP enjoyed a similar treatment.

    Enjoy your life in your alternative reality.



 
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