Home Business Opinion: Upwork (UPWK) is more valuable than LinkedIn
In the Accenture Technology Vision 2017 report, Accenture forecasts that in the next five years, on-demand work platforms will emerge as a primary driver of economic growth in developed and emerging economies worldwide. We believe that prevailing conventional methods for sourcing talent, finding and completing work, hiring, and making and receiving payments will be increasingly inadequate.
[pdf-embedder url=”https://usaherald.com/wp-content/uploads/2018/10/upwk-ipo-red.pdf” title=”Upwork Prospectus”]
If LinkedIn (Microsoft) were smart, they would buy Upwork fast.
As a client whom has used LinkedIn to recruit in the past, I will never go back now that I’ve discovered Upwork. Upwork is expanding to cover areas such as sales, marketing, executive assistants, and more. This is especially problematic for LinkedIn because Upwork is now cutting into the core jobs that many recruiters use LinkedIn for.
Upwork has solved the challenge of finding top talent, and now that it has an additional $90M+ in advertising dollars on top of its annual $1.56B in GSV (with revenue growing 20-30% a year may I add), this largely unknown Unicorn is on the bullet train to disrupt the Silicon Valley giant LinkedIn.