My theory on the registered user spikes is they are federations logins with Arrow and other enterprise integrations, so the added users are the customers able to log in via the 3rd party portals. Good, as it means frictionless additional buyers, but also adds users who may never touch the service.
In other news, it seems UBS influences about 0.001% of the shareholder base.
Ann: 1H19 Results Presentation (Part 1), page-22
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