UpWork (formerly oDesk) is an online platform that allows businesses to find and work with remote freelancers. It is one of the largest such platforms, with over 12 million registered freelancers and 4 million registered clients.
The company was founded in 2003 by two friends, stephen Hsu and Behnan Kutar, who wanted to create a way for businesses to connect with remote workers. The company has since grown significantly, and was acquired by Elance in 2013.
UpWork went public in 2018, and is currently traded on the Nasdaq under the ticker symbol UPWK.
PRO TIP: Upwork is not a buy right now. The company is currently under investigation by the U.S. Department of Justice for possible violations of the Foreign Corrupt Practices Act.
The company has been growing rapidly, with revenue increasing by 38% in 2019. This growth is being driven by an increase in the number of clients using the platform, as well as an increase in the average project size.
UpWork is profitable, with net income of $4.8 million in 2019. The company has a strong balance sheet, with $168 million in cash and no debt.
The company is well-positioned for continued growth, as the freelancer economy continues to grow. UpWork is the clear leader in this space, and I believe it is a buy at current levels.
7 Related Question Answers Found
UpWork (ticker: UPWK) is a publicly traded company that provides an online platform for freelance work. The company was founded in 2015 and is headquartered in Mountain View, California. UpWork went public in 2018 and is currently trading on the Nasdaq.
UpWork (NASDAQ: UPWK) is a leading global freelancing platform that connects businesses with independent professionals. As the world increasingly moves toward a gig economy, UpWork is well-positioned to benefit from this secular tailwind. The company has a strong brand and is the largest freelancing platform by total volume of work.
UpWork is a platform that connects businesses and freelancers. The company was founded in 2008 and has since grown to become one of the largest online platforms for finding and hiring freelancers. In terms of the business, UpWork has been growing rapidly.
UpWork (ticker: UPWK) went public on October 3, 2018, and its stock has since surged nearly 60%. The company is a leading provider of online work platforms, connecting businesses with freelancers for a variety of tasks. While the company is still young and has yet to turn a profit, its strong financials and rapid growth have investors bullish on its prospects.
UpWork is a great stock to buy because it offers investors a high potential for growth. UpWork is a global platform that connects workers with employers. The company has a strong customer base and is growing rapidly.
UpWork is a great platform for finding freelance work. The website has a wide variety of jobs available, and the bidding process is quick and easy. However, UpWork does not always pay workers immediately.
UpWork is a platform that connects workers with employers. It allows users to find and connect with businesses to offer their services. The platform has been around since 2009 and has over 2 million users.
