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It would seem that the two main incumbents in this market (founded in 2005 and 1998, respectively) are getting nervous about Freelancer.com's (founded in 2009) rapid growth (predicting ~73% in 2013) and recent IPO [1].

[1] http://www.zdnet.com/au/freelancer-more-than-triples-first-d...

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It dropped rapidly in the first few days too http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode...

Hello Dong

I'm the CEO of Freelancer.com (Freelancer Limited ASX:FLN).

Our share price dropped rapidly in the first few days because the issue price was 50 cents and it was the biggest opening on the ASX every (so I was told by the exchange). The share price opened at $2.50.

A month later we are at $1.40, almost three times our issue price. I think that's pretty good. You would expect a bit of a pullback from such a strong opening (5x !).

Regards Matt

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