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Why Upwork's stock price is falling continuously ?

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Community Guru
Reinier B Member Since: Nov 3, 2015
11 of 50

Jennifer M wrote:

They just need to hire Elon Musk. That guy is such a chad.


He is that, indeed. I'm thinking that if he can make spent rockets land upright on ships in choppy seas, sorting out the free connects, or lack of free connects, issue should be short walk in the park for him. Maybe he could also do something about non-responsive clients and JSS scores that decrease for no reason at all, as well. Who knows, his huge salary might be money well spent...

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Community Guru
John B Member Since: Aug 20, 2015
12 of 50

Your business profile and skillsets indicate you have the potential to be a brilliant technical day trader. Perhaps a calling for you some day.

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Community Guru
Steven E. L Member Since: May 5, 2015
13 of 50

Good job!

Solved!Solved!

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Community Guru
Rene K Member Since: Jul 10, 2014
14 of 50

Why is this guy copy/pasting random texts from the Internet?

 

 

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"Where darkness shines like dazzling light"   —William Ashbless
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Kostya B Member Since: Jun 24, 2015
15 of 50

"This guy" is looking for answers on the internet when nobody answers adequately to a question and attaching them to this thread.

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Jennifer M Member Since: May 17, 2015
16 of 50

Kostya B wrote:

"This guy" is looking for answers on the internet when nobody answers adequately to a question and attaching them to this thread.


I think you're confusing "nobody can answer" with "nobody cares to answer."

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Active Member
Kostya B Member Since: Jun 24, 2015
17 of 50

If nobody answers a question I'm forced to look for answers on the internet.
Answers like "...don't follow Upwork's stock price..." or "...be chill.." are not quite informative for me Smiley Happy

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Community Guru
Martina P Member Since: Jul 11, 2018
18 of 50

Kostya B wrote:

If nobody answers a question I'm forced to look for answers on the internet.
Answers like "...don't follow Upwork's stock price..." or "...be chill.." are not quite informative for me Smiley Happy


Do not despair. Sometimes you just run into a bunch of gurus that take their guru-ness not as seriously as you would like. 

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Kostya B Member Since: Jun 24, 2015
19 of 50

Heart

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Community Guru
John B Member Since: Aug 20, 2015
20 of 50

The reason Upwork's stock price is falling is:  earnings issues.   Upwork is varying between 1 cent per share to 5 cents per share in earnings, over the past two years, in a couple quarterlies and an annual.

 

The firm has not turned the corner and figured out how to make a profit.  The downstreams of this are known.

- It is why our fee was increased to 20% some time back

- It is why the CEO was invited to leave


Upwork has promoted internally for the new CEO position.  The new CEO is the former CMO and head of "product development".   This indicates Upwork's board is comfortable with the actual marketing and product deployment of the platform.   This is pure-play financial in their concerns.  Share holders are expecting to see share price increases, profit must increase given the maturity stage of this company.  Solve the profit problem.  Share price skyrockets.

 

Increase in early-in project fees to 25%?   Increase longer-term fees to 15%?
Reduce their primary cost center?  "IT"?
Reduce employee count, consolidate jobs, reduce staff?
Increase number of high-profit jobs (i.e. enterprise accounts, long-term projects)?

Take your pick.  If you are an investor in the stock all of those sound like an excellent idea.
John.

 

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