- Feb 27, 2009
- 3,219
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Consider this;
- Freelancer is now a public company, with a very healthy cash position after the float
- In line with their overall operation, I suspect they buy strategic assets, not cashflow assets
- When you're playing longball, the short-term profitability of an asset is immaterial
- The true value, I suggest, in WF as an asset is not the cash flow at all; it's the massive base of (alarmingly loyal) users.
Those things in mind, halving the fees actually makes good sense
Yup, I just read a bunch of articles about Matt and what he has been up to. Took me a bit to rap my head around it, but I totally get it now. Forest through the trees. Well played sir...well played.
