UpWork is described as the “Facebook of Freelancing” and the company recently went public with its shares.
What’s the appeal for the freelancing sector? Gig work is booming — it’s projected to balloon to a mind-boggling $2.7 trillion by 2025. Did we mention that the world’s biggest freelance platform just went public? Because the world’s biggest freelance platform just went public.
In this week’s Industry Focus: Tech, host Dylan Lewis and Motley Fool contributor Brian Feroldi dive into the fundamentals of Upwork (NASDAQ: UPWK) and explain what investors need to know before buying in. How does Upwork make money? Do they have a path to profitability? How do they compete against their peers? Do they have any pricing power? What risks should investors watch out for? Does management have skin in the game? Find out more below.