Virginia F wrote:
Wendy C wrote:
Bravo, Bill. Every point you made would elevate Upwork in the eyes & pocketbooks of buyers.
The only thing I would add to your suggestions would be to permanently remove any FLer who lies / copies / plagiarizes any part of their profile and/or portfolio. If a FLer can't be honest in representing him/herself the odds of them doing a good job for a buyer are nil.
To add to that, take away the ability for suspended profiles to post in the forums. What's the point?
Probably the fact that they still need support, and it seems the vast majority of people looking for support are bounced here now.
Leadership at Upwork out... this is an interesting thread. A cursory view of the information at hand indicates:
The company reaffirmed its fourth quarter and full-year outlook. Analysts surveyed by FactSet expect a loss of 2 cents a share on revenue of $79.4 million for the fourth quarter, and a loss of a penny a share on revenue of $301.4 million for the year.
The Board has appointed Hayden Brown, current Chief Marketing & Product Officer, to succeed Kasriel as President & CEO, effective January 1, 2020.
The Board promoted internally -- and from the business units that lead marketing and product offering. Hence. The Board is happy with how Upwork is being marketed and happy with it as a SaaS services offering.
Here's why the CEO was replaced: Earnings and share price. The share price since IPO graph is provided. CEOs cannot often sustain this trajectory of share price change. Now, the question for them is: how to increase earnings, hence (most probably) increase share price.
That is the equation Mr. Brown was just hired to solve.
- Perhaps a 25% / 15% contractor fee? Or more cost for connects?
- Increase the cost of a subscription to the premium contractor system.
- Increase the amount paid by clients who want to have their listings highlighted?
- Charge for a cup of coffee in the break room? Less staff, lower IT costs?
Shareholders are expecting results, Mr. Brown. Good luck, sir.
Kim F wrote:
You're very literal lately.
"Tact: to lie about others as you would have them lie about you."
More literal: "to tell the truth without beeing edited for community guidelines "