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Upwork:Position Changes: Difference between revisions
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''Return to: [[Investment Ideas]] | [[Upwork]]'' | |||
== 2023 February 15 == | == 2023 February 15 == | ||
I increased the upwork position today by 28.5% @13.95 USD or a market cap of approx. 1.82billion for the following reasons: | |||
* Upwork is venturing into a new field with EOR payroll contracts and is challenging the likes of Deel. Deel raised 300million at a 12 billion valuation while revenue is standing at 300million or half Upworks revenue. <ref>https://www.forbes.com/sites/kenrickcai/2023/01/23/deel-emerson-collective-funding-12-billion-valuation-300-million-revenue/?sh=1cd55d0a77a0</ref> If the narrative flips that could prove to be a catalyst for the stock. | |||