How many users now?

I think by scam itā€™s along the lines of ā€œpretend someone else has sold for Ā£1.75 in the hope that others will think thatā€™s the going rateā€. Maybe someone did, because they really needed the money now. But hold tight. Great things to come.

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Name and shame the punter. Sounds like a completely fake story. No rational seller should be parting ways with shares for under Ā£7.5 I would think.

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Iā€™m not really one for naming and shaming but obviously would consider posting if people thought I was the one making up the story.

Great interview but seriously, ditch the fake background. Theyā€™re so distracting!

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Any update on the numbers?

If someone is falsely enticing others to sell shares at a significant below market value they should be found out and exposed.

Definitely donā€™t name and shame! It is a low price to sell, likely someone who was quite desperate for cash, so not Warren Buffett or deep f****** value!!

Agreed. I canā€™t be the only one missing the Freetrade neon sign in the office?

I donā€™t mean name and shame the seller. I mean the buyer who, if he is misleading the seller with false information, is doing a horrible thing. This aside - User number update?

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Ah, somehow didnā€™t think of it from that side.

I noticed that the google sheets has been updated with a latest number of 542,180 as of 05/02/2021.

@zaccharles what is the source of the numbers you are currently updating the tracker with? And thank you for maintaining the spreadsheet - appreciate this all takes time and effort.

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It was one of my friends - I am friends with Zac and messaged him the number but didnā€™t have time to put it on here yesterday.

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Anyone can offer any price they want for shares, and itā€™s up to the seller whether or not to accept. I donā€™t see any reason to name and shame someone just because they made a lowball offer and someone accepted it

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I agree with @Dave No need to name and shame. Maybe the seller was distressed financially and looking to raise some quick funds. Goodness knows with recent events , lockdowns , job losses etc it would not be surprising.

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If there are any more small holders needing to sell. Hit me up. :wink:

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I have my own approach to valuing Freetrade, and based on current growth I arrive at a figure of Ā£900m. Others are entitled to their own view. Do you think lower or higher than this is fair?

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I hope youā€™re rightā€¦ but for me it all depends on the underlying fundamentals (active users, average deposits, average trades, plus/ISA/SIPP users).

Very difficult to value itā€¦ could be anywhere between Ā£300m and Ā£1bnā€¦ I suspect Series B will see us closer to Ā£500-600m

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I would think around the 400mn mark midway through this year when they raise again (assuming it is midway through this year).

Canā€™t wait for the pitch deck!

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Itā€™s been 10 days now and heā€™s still not even had as much as a response in app.

Which is annoying for me as Iā€™ve spent the last year telling him how good Freetrade is :sweat_smile:

I appreciate the last week has been crazy and there is probably a big backlog of users needing manual verification, but can something be done to speed this up?

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Can you get him to DM me on here and Iā€™ll take a look.