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Seeking Alpha - Information for Upwork Shareholders

Community Guru
Will L Member Since: Jul 9, 2015
1 of 13

If you are an Upwork shareholder, or think you might want to be, this will be an interesting article for you:

 

https://seekingalpha.com/article/4282169-long-term-buy-hold-upwork

 

 

Community Guru
Wendy C Member Since: Aug 24, 2015
2 of 13

All comments in the article are well known facts for the platfom online industy at large.

 

What is NOT addressed in the article: the people equation    ...

 

1. Theoretically everything syncs; in reality theory alone is not adequate

2. The site continues to be technically wobbly (less so than in the past) and remains lacking in ease of use (UX). This is particularly bad in light of the fact that a hefty % of jobs that are tech related.

3. All the ad budgets in the world will not ensure buyer satisfaction. Buyer satisfaction is fully contingent on the selected FL doing a superb job

This is only possible if U. retains the top-notch proven FL professionals.... and brings new ones on board.  Properly.

     a) vet applicants prior to allowing them to create a profile

     b) clean house of inactive and undepefomming FLers

 

 

 

Community Guru
Abinadab A Member Since: Sep 26, 2016
3 of 13

Wendy C wrote:

All comments in the article are well known facts for the platfom online industy at large.

 

What is NOT addressed in the article: the people equation    ...

 

1. Theoretically everything syncs; in reality theory alone is not adequate

2. The site continues to be technically wobbly (less so than in the past) and remains lacking in ease of use (UX). This is particularly bad in light of the fact that a hefty % of jobs that are tech related.

3. All the ad budgets in the world will not ensure buyer satisfaction. Buyer satisfaction is fully contingent on the selected FL doing a superb job

This is only possible if U. retains the top-notch proven FL professionals.... and brings new ones on board.  Properly.

     a) vet applicants prior to allowing them to create a profile

     b) clean house of inactive and undepefomming FLers

 

 

 


Another kudo for this post.

Community Guru
Miriam H Member Since: May 16, 2017
4 of 13

Will L wrote:

If you are an Upwork shareholder, or think you might want to be, this will be an interesting article for you:

 

https://seekingalpha.com/article/4282169-long-term-buy-hold-upwork

 

 


Thank you for sharing. While it's clear Upwork has some work to do on more effective screening of freelancers, this article gives me hope that this is part of the plan (including verification, paying for connects, etc). It sounds like they want to pivot to more enterprise level support and consider their competition companies like Cognizant vs. other online freelance platforms. 

 

I certainly hope they are reading these forums and speaking with successful freelancers as they make plans for the future.

Community Guru
Rene K Member Since: Jul 10, 2014
5 of 13

Q2 is out: Upwork Reports Second Quarter 2019 Financial Results

 

Everyone should read this:

Q2 2019 Financial and Business Highlights

 

And especially this part:

Capture d’écran 2019-08-08 à 13.06.23.jpg

 

 

Everyone should make their own conclusions about their future on the platform. (Spoiler: Gig Work may not be here to stay.)

 

 

-----------
"Where darkness shines like dazzling light"   —William Ashbless
Community Guru
Wendy C Member Since: Aug 24, 2015
6 of 13

@ Rene, thanks for posting this.  I'm continuing to think a mutual past effort should be resurrected ...

Community Guru
Rene K Member Since: Jul 10, 2014
7 of 13

Wendy C wrote:

@ Rene, thanks for posting this.  I'm continuing to think a mutual past effort should be resurrected ...


Maybe now it's the time, indeed. On Upwork since they seem to be steering this way. Let see how ll of this evolves...

 

 

 

 

 

-----------
"Where darkness shines like dazzling light"   —William Ashbless
Community Guru
Wendy C Member Since: Aug 24, 2015
8 of 13

Yep.  Upwork only.  More manageable and more cost effective.

Community Guru
Phyllis G Member Since: Sep 8, 2016
9 of 13

What's not accounted for is the degree of overlap between "Larger Engagements" and "Gig Work". That is, how many FLs have UW portfolios consisting of a mix of <$1k and >$1k contracts? How many FLs consistently leverage small contracts into long-term relationships?

 

I am all in favor of bringing more consistent and reliable professionalism to the FL pool here. But I think they are looking at the wrong metric, i.e. below/above $1k contract value. When they say that client spend in the "larger engagements" category has expanded largely unaided, I want to jump up and say, "Of course it has, and it's directly and exclusively due to the professionalism and reliability of the FLs supporting the low end of that category and feeding it from the 'gig work' category!!!"

 

Community Guru
Cheryl K Member Since: Jul 16, 2015
10 of 13

Yay!

That was my investment strategy anyway when I bought my shares. I just waited a bit for the price to drop after the initial offering.

As much as we gripe, Upwork in some form is here to stay.

I recently edited a book that included a section on outsourcing and the writer mentioned Upwork by name.

 

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