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Re: 20% for the first $500 on EACH new client? Seriously? Wow. Disgraceful

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Community Guru
Joan S Member Since: Mar 18, 2019
11 of 13

Upwork went public last fall (Oct 2018) and is a publicly traded stock. As such, their financials are also public. Upwork has yet to make a profit. It is my hope that Upwork will become profitable as that will be a benefit to all of us -  if they manage to stay in business.

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Michael S Member Since: Aug 29, 2017
12 of 13

So long as all obligations are met (overhead, salary, various expenses, etc.) are met, a company can remain in business indefinitely without turning a profit, as that's just what's left over after you subtract expenses from revenue.

 

Going public can definitely harm a company, however, because then making a profit is required. And, as is sadly the case anymore, investors increasingly demand that profits go up every quarter, rather than look at long-term viability. They want short-term gain at the expense of possibly higher future earnings. This can lead a business to cut corners in order to satisfy those demands, and that's where things get really dicey and cause a lot of companies to fail after their IPO.

Community Guru
Joan S Member Since: Mar 18, 2019
13 of 13

Upwork has actually been losing money.

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