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Stock impact report

Reflecting On Gig Economy Stocks' Q3 Earnings: Upwork (NASDAQ:UPWK) [Yahoo! Finance]

IAC Inc. (IAC) 
Last iac inc. earnings: 2/5 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: iac.com/investor-relations/overview
Company Research Source: Yahoo! Finance
The iPhone changed the world, ushering in the era of the “always-on” internet and “on-demand” services - anything someone could want is just a few taps away. Likewise, the gig economy sprang up in a similar fashion, with a proliferation of tech-enabled freelance labor marketplaces, which work hand and hand with many on demand services. Individuals can now work on demand too. What began with tech-enabled platforms that aggregated riders and drivers has expanded over the past decade to include food delivery, groceries, and now even a plumber or graphic designer are all just a few taps away. The 6 gig economy stocks we track reported a satisfactory Q3. As a group, revenues beat analysts' consensus estimates by 3% while next quarter's revenue guidance was 1.6% above. In light of this news, share prices of the companies have held steady as they are up 4.7% on average since the latest earnings results. Formed through the 2013 merger of Elance and oDesk, Upwork (NASDAQ:UPWK) is an onl Show less Read more
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