I'm looking at Upwork $UPWK+2.3%. It is a platform for freelancers.
I'm trying to evaluate Upwork's moat. I see the main advantage as half the fees compared to competitor Fiverr, 10% X 20% on sales.
That fixed 10% is a new format beginning in 2024, which should boost Upwork's profits considerably. I fear, however, that Fiverr will respond to this move by lowering fees and moat...
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Upwork Inc.
UPWK
5 Followers
5 November
Upcoming Earnings
1.39B
Market Cap.
19.54
P/E
This is the first I've heard of it, but it's definitely worth researching