I think FLN going for a takeover makes sense but not to UPWK/FVRR. Why would these guys want FLN? They are taking FLN's users anyway, and they'd also be getting back a lot of the lower-quality freelancers that they've kicked out.
The ideal takeover company would be a company that's not already in the freelance market but wants to be. LinkedIn (despite their much ballyhooed entry as a competitor - doesn't seem to have done anything), Seek, etc. Even one of the Indian BPO firms?
There's a much bigger list of companies that are in adjacent areas that might find it strategic to acquire a good-sized user base (tens of thousands of active users as opposed to whatever the dumb Javascript counter of accounts says, but still). A big company could buy out MB and SC (possibly at a discount to the current SP), give holders a nice outcome at a fictional higher price that's higher than the true price, and clean up the mess of FLN's infrastructure and management.
(side note: one of my pet theories about FLN's slow growth is that there was a lot of dodgy stuff going on with FLN's customers, and they've been slowly cleaning house, getting rid of the cash transfer and 'microlaundry' uses of FLN - this would be enormously important if a BigCo looked at buying FLN... impossible to imagine MSFT/LinkedIn thinking having lots of scary-looking transactions from people clearly just moving money is something that they can tolerate; the downside would be enormous)
MB could keep StartCon and semi-retire to be the Grand Old Man of Australian Startups, run an accelerator, and post even more times per day to Twitter. Or have another crack at a new startup while he's still only middle-aged. He's got good connections into STEM education and could have a steady supply of bright, hardworking employees, and whatever people say about his personality and management style, he does know the whole startup game very well.
It's win/win/win, as they say,
- Forums
- ASX - By Stock
- FLN
- Ann: 1H21 Results Presentation
Ann: 1H21 Results Presentation, page-42
-
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $81.16M |
Open | High | Low | Value | Volume |
18.8¢ | 18.8¢ | 18.0¢ | $5.648K | 30.18K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2111 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 20739 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2111 | 0.180 |
1 | 24692 | 0.165 |
2 | 32819 | 0.160 |
1 | 18756 | 0.155 |
1 | 33901 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 20739 | 2 |
0.210 | 16000 | 1 |
0.215 | 34810 | 2 |
0.220 | 12752 | 2 |
0.225 | 83257 | 1 |
Last trade - 13.07pm 07/08/2024 (20 minute delay) ? |
Featured News
FLN (ASX) Chart |