You can now invest in Lyft, Uber, Pinterest, Levis & PagerDuty with Freetrade šŸŽ‰

Interesting read. Looks like a good investment.

Levi’s have been around years but their market share of jeans has been in decline. Uber seem forward thinking in terms of driverless cars but u have to question their ethical approach to their drivers!

Post market share price is down 15%. Gutted as I bought 6 shares.

The revenue predictions weren’t significantly lower than expected though so it seems a bit of a knee jerk reaction

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There will be some volatility with these new stocks. It’s difficult to put a value on them. Hopefully when it settles down we’ll see steady growth

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I’m with you on this one. Let it settle and then we will see continued growth. I reckon it’ll be the same with PagerDuty too.

Hey @Freetrade_Team1

Great news on new stocks - always welcome - but I must ask sorry in advance

Any reason why Freetrade didn’t include BYND? :pensive:

The 5 stocks you added all IPO’d but your very own Freetrade stock request section shows customers wanted BYND much more:

BYND - 132 votes
LYFT - 24 votes
UBER - 19 votes
PINS - 15 votes
PagerDuty - N/A

If its not a cost issue, and there’s greater ā€œdemandā€ for BYND from your customers - why would that be overlooked by Freetrade, especially if its voted for more than all the others combined x2?

Thanks

C.

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Hey, a CDI hasn’t been created for Beyond Meat yet unfortunately. We’re keen to add them as soon as it has! :cow:

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Beyond Meat & Zoom are the two I wanted, and both don’t have a CDI.

CREST must decide mainly on brand recognition or something more sinister and backdoorish :laughing:

Thanks for the info!

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https://twitter.com/freetrade/status/1129392313732599808

I’m quite surprised to see that PagerDuty’s so popular, as it’s a less well known brand.

It looks like Freetrade customers have chosen who’ll be the winner in the Uber vs Lyft battle (for the last two days at least).

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Thoughts on PD ?, that’s if you’ve not shifted them already. Down over 50%, luckily I only bought one share.

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Pinterest and maybe Pagerduty are the only tech companies. PD is perceived as overvalued. The rest are taxi/food delivery and clothing companies. The market has spoken.

I’m down quite a bit, but still holding on to them. With hindsight I should have waited to buy. I still think they could be good long term. I’m not doubling down though, I’ll just hold and wait for more news for now.

Likewise can’t bring myself to offload at such a loss. Its a lesson learned for me - purchasing shares on a newly IPO’d company before the price has settled.

I have a diverse portfolio, mostly established dividend stocks, so although it’s currently my worst performer percentage wise, it doesn’t make a huge difference to my portfolio. That’s the advantage of diversification

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How you can classify a website that allows for picture uploads as tech, but not an app/algorithm that revamped a whole industry is beyond me :smiley:

Unfortunately, without a direct access to IPOs like those funds who have preferential treatment—because they are clients of lead arranger banks—we can’t flip at a profit, when they offload their newly allocated shares to the suckers.

Lesson: get rich, become an FCA regulated money manager, and get on a client list of GS or JPM equity sales people.

Once I discovered how picture-pinning Pinterest quietly make money it was :exploding_head:

The quarterly financials report:

We generate revenue by delivering advertising on our website and mobile application.

Source - https://s23.q4cdn.com/958601754/files/doc_financials/2019/q2/93a68ae2-b0f2-47d5-a14e-757e66a6f421.pdf

So Pinterest is adtech. They can scale without the massive expenses paid to drivers and, unlike Uber, can enter new regions without having considerable physical presence. That’s scalable adtech.

Uber still matches drivers with riders using an app, it also delivers food.

UPS and FedEx use a lot of tech for logistics, but they are still logistics companies. Waitrose’s operations depend on IT, but it sells goods mostly.

By being coined ā€œtechā€, Uber and all got nicer multiples, but investors got more sober in 2019.

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Not sure about that because UPS, and FedEx have always been logistic companies that have added tech to streamline some of the processes. While Uber, and Lyft are tech companies that just happen to do logistics. It might not be obvious looking from the outside, but looking from inside the companies the difference would be day and night.

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I know it’s weird, isn’t it? They should teach it in philosophy and financial valuation classes. Both are forms of art, so :woman_shrugging:

Uber, Lyft, Doordash (like Deliveroo) are fighting over driver and delivery person classification:

Imagine the liabilities and expenses and valuation, if they have to classify drivers as employees.

Uber is a taxi company with a great tech stack.

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