Tech: What's UpWork?

Industry Focus

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4.6 • 854 Ratings

🗓️ 26 October 2018

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

The largest freelance marketplace in the world went public earlier this month and Wall Street seemed eager to get its hands on shares of the company. Should investors also want in? In this episode, we break down:

- How Upwork makes money
- Why the gig economy is a huge driver for the stock
- Whether or not we're interested in buying shares

Stocks: UPWK, TWLO

Transcript

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0:28.9	slash fool.
0:30.0	Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.
0:37.0	It is Friday October 26th and we're breaking down another big tech IPO.
0:42.0	I'm your host Dylan Lewis and I'm joined on Skype by
0:44.3	fool.coms Brian Feroldi Brian what's going on? Not much Dylan I just got back
0:50.9	from a lovely bike ride because it's a beautiful day here in
0:53.8	Rhode Island and I can do that because I live the freelance lifestyle.
0:57.0	What a great cue up for our topic today. Yes, you are a contractor and you write
1:02.2	for our site and you you enjoy the benefits of
1:05.2	being a contractor you don't have to be at a meeting at you know 1230 in the
1:08.6	afternoon that's right and I tell you when you have small children, having complete control over your schedule is a
1:14.4	God send.
1:15.4	So I love the lifestyle.
1:16.8	Yeah, and so today we are going to be talking about a company that helps people live that lifestyle.
1:21.7	We're going to be talking about
	...

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