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GIG

Short Uber to deathUber driver's pay is declining constantly. This week it reached the point where good drivers are quitting. The self driving technology to replace these drivers is not yet here. Uber will start absorbing the self driving cars maintenance costs. They will be surprised how much money it takes to have a running clean car. Uber jacked up riders prices to prepare for this; accounting them as insurance costs. Riders are looking more and more into cheaper alternatives. Public transportation is making a come back. Uber will be bankrupt with this model. Their biggest mistake is not taking care of their biggest asset; their drivers. I'm shorting UBER to their death.
NYSE:UBERShort
by gastonvazqz
Gig economy winner. $FVRR or $UPWK?FA, - Structural headwinds through gig economy, freelancing and 'escape the rat race' theme - 3Y revenue growth 22% - Improving gross margins. 70% - Recent insider purchases - Like shopify, but for talent. Online talent marketplace. -Value? Market cap half of Fiverr with revenue twice as much. TA, - Major trend reversal. Short term moving averages crossing Long term MA - Trendline support - 120MA support 4H - Higher highs and lows Concerns, - Less than expected revenue growth during lockdown. YOY growth 19% at $87.5M Main competitor Fiverr reported YoY growth of 82% at 47.1m. Growth is key. - Fiverr reporter a net loss of only -$0.1M while UPWK reported a loss of -$10M. -Freelancers prefer Fiverr over Upwork. - Fiverr better glassdoor ratings (4.3 Vs. 3.8) - Higher volume on red days Seems more like a technical trade considering the above points or a value play. Fiverr is still the better company fundamentally. Until Upwork can show above significant growth rates, the stock would not gain much momentum. 20% growth for a growth stock with people looking for jobs online is not enough in my opinion.
NASDAQ:UPWK
by ashainp