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* 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. | * 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. | ||
* The amount of open jobs on Upwork are trading positively. See Upwork:Quaterly_Results/2022 Q4 | |||
* Upwork seems to be improving operationally. As an example i like their new enterprise client site <ref>https://www.upwork.com/enterprise</ref> or the fact that their changelog got more active. | |||
* According to commentary in Q3 2023 new enterprise client sales have been slower than expected due to macro uncertainty, while clients have been holding of budgets. That could reverse at one point and provide an upside surprise to | |||
== References == | |||