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Is UpWork Inc Publicly Traded?

Last updated on September 29, 2022 @ 10:19 pm

UpWork Inc. is a publicly traded company. The company’s stock is traded on the NASDAQ stock exchange under the ticker symbol UPWK. As of May 2017, the company had a market capitalization of $1.34 billion.

UpWork Inc. was founded in 2015 by two former employees of oDesk, a now-defunct online marketplace for freelancers. UpWork is headquartered in Mountain View, California.

The company operates an online marketplace that connects businesses with freelancers. The platform allows businesses to post projects and freelancers to bid on them. Once a project is awarded to a freelancer, the freelancer and the business can work together through the UpWork platform to complete the project.

PRO TIP: Upwork Inc is not a publicly traded company and therefore any information regarding their financials is not readily available. This could lead to investors being scammed if they are promised access to this information.

UpWork makes money by charging businesses a percentage of the total value of the project. The company also charges freelancers a service fee for using the platform.

The UpWork platform has been criticized for its high fees and for its treatment of workers. In 2016, several class action lawsuits were filed against UpWork alleging that the company misclassified workers as independent contractors instead of employees in order to avoid paying them benefits and violating labor laws.

Despite these criticisms, UpWork remains one of the most popular platforms for connecting businesses with freelancers. The company has over 12 million registered users and over 3 million active clients.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.