Wednesday, January 27, 2016

Buy Freelancer (FLN:AU)

I bought Freelancer today for the following reasons;
- Nasdaq down ~10% over last month dragging down lots of tech companies.
- Smaller, lesser known firms disproportionally whacked by downdraft.
- Freelancers to grow to 50% of US labor force by 2020.
- Freelancer.com appears to have better platform & business strategy than Upwork, although I have not tried the new Upwork platform yet.
- Freelancer's CEO Matt Barrie is an A-list entrepreneur with Computer Science background although he does appear a bit too pre-occupied with Sydney night life :)
Price $1.59 AUD
Trade/Portfolio: 1.13%
Position/Portfolio: 5.80%

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