- Marketplaces for freelance workers could become extremely large in coming decades.
- Upwork operates one of the leading freelance platforms but profitability remains a concern due to high marketing expenses.
- The freelance market could be disrupted by improving AI capabilities in the future. Upwork’s focus on skilled workers should isolate it from this somewhat, at least in the short term.
- Upwork's valuation appears stretched relative to its own past and comparable companies, especially given the strong performance of competitors like Fiverr.
For further details see:
Upwork: Competition Is Concerning