Yes, they’re only prohibited from promotion that is generated by a user of social media (even if Freetrade were to review it first).
If the promotion originates from Freetrade and its content is exclusively controlled by Freetrade, they can post it wherever, including social media.
This restriction indefinite, though Freetrade can apply to get it removed. I’m sure they intend to eventually, but they’ll need evidence of significant change to processes and controls before the FCA would lift it.
Who else has had their finger hoof on the screen trying to plot that 138,000 on @zaccharles graph?
To me it looks like user growth is down to ~600 ish a day since April which I think is still pretty damn good given the state of the markets and the fact that the UK economy is imploding.
We’ve had problems with a user named Juno (among many aliases) and while I’m defiantly not suggesting you are in any way connected a full number would be appreciated.
I think we´ve reached a point where registered users is no longer the most relevant measure to determine how well FT is doing.
Just thinking out loud, is it possible somehow to see how many FT Plus users FT has? Or how many active users FT has, an active user being for example any user that has done a single trade in the last 6 months?
Surely many of the users in the beautiful chart above are no longer using the FT app, maybe not even have any funds in the app.
To maintain a £650m valuation and assuming new multiples of 10x/15x revenues, it means that the company need to make between £40m and £60m to be back a the level of 2021.
revenues Sep 2021 (Actual): £13m
lets assume Revenues 2022 at £25m and Revenues 2023 at £40m.
It means Freetrade could be back at the val 2021 at the end of 2023 (just my opinion).