Not strictly true - There is a route to organise private sales with permission from Monzo boardā¦ but its a bit of a pig to organise apparently
But itās for exceptional circumstances only, I believe.
Indeed, but all of them are inflated to some extent. Itās last annual report showed an operating income of Ā£214m (and a net loss), thatās not a size of business that is classicly worth Ā£4bn! Itās all a matter of how much hyper-optimistic future growth investors are willing to bet on and also (in the current market particularly) can afford to bet on.
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10 million customers = Ā£10 billion see easy 
Thatās better
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Never going to happen.
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Could be a boon for Jeremy Hunt, but he still canāt have a Monzo account 
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Ā£4bn seems really low to me, especially how anything thatās vaguely tech related is valued these days. Monzo has huge potential still, which should be factored into the price. I meanā¦ if Revolut has a valuation of Ā£26bnā¦
I suppose they could have dropped a low valuation now to let the Ā£350m come in at a low price and then miraculously be valued at Ā£20 billion next year ā¦ 
It is, if it stopped growing today and stayed at its current size revenue wise for several years the valuation would level out at probably c. Ā£400m.
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This has had 1.7m views in 24 hoursā¦ the comments are painful
Donāt know whatās going on. So many people on instagram seem to reply to every post from Monzo saying not to use them and how awful it is (because their account has been closed/locked). Not sure if other banks get this much hate but it seems there are a lot of really angry people out there.
It bugs me so much that everyone is acting like it is a Monzo specific thing as well (although it does start to feel like that because Monzo and account closures seems to be much more prevalent in the news and social media).
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Probably! I hate the world we live in sometimes, it is so easy to spread hate these days and so damaging. People just all like to pile on and feel relevant.
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Although itās well re-iterated that it is for a āgood reasonā accounts are closed, the number of 1 star recent reviews in the App Store saying account blocked/closed/frozen is actually quite shocking. Especially when you read other banking apps you donāt get this problem. Although I still remain unbiased to the situation
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We donāt know whether or not it is more to do with Monzo. We donāt know if their account closure decisions are fair, the same as other banks, or anything else.
In terms of the media buzz though we can say that fraudsters are more likely to use a fintech because of the lower barrier to getting an account. We also know that people who steal money and commit fraud often do it by social manipulation and can be highly skilled at this, so we should take everything there with a huge pinch of salt.
What we can say for sure is that these repeated social media attacks are damaging for the brand and a concern.
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People never do! Unfortunately I think a lot of people view Monzo as a way of generating interest/likes also knowing people who have had their accounts closed seem to be banding together on facebook etc and probably all leap at any mention on social media to back it up and stoke the fire
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Having now watched the video, if the information is accurate ie. that they have permanently retained the funds and told her she isnāt getting them back, then yes I agree in that situation āMonzoā must have had a good reason for ātheirā decision.
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I know I sound like an old person, but this is why I hate social media because people have so much power to spread half truths and potentially ruin businesses/people.
I donāt know all the facts of this case but unfortunately these negative videos always spread more easily and itās worsened by the algorithms that effectively show these sentiments to anyone who may have had an issue with Monzo in the past. They then jump onboard and the cycle continues. It also doesnāt help that Monzo canāt really fight back because they arenāt allowed to say anything. So stupid.
(Yes I know social media can be used for good as well. If anyone has any positive Monzo content please feel free to share it as well ).
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Itās also a very emotive subject.
āMonzo stole my money and they could take YOURSā and then people panic, not realising theyāre only being given half the story. Iām sure Monzo do freeze accounts in error, but not to the levels that these people say, because most of them are idiots/criminals/magic bean traders and knew they were playing with fire but didnāt care.
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Tempted to post a āMonzo opened my account!ā video in retaliation
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