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I'm looking at Upwork $UPWK. It is a platform for freelancers.
I'm trying to evaluate Upwork's moat. I see the main advantage as half the fees compared to competitor Fiverr, 10% X 20% on sales.
That fixed 10% is a new format beginning in 2024, which should boost Upwork's profits considerably. I fear, however, that Fiverr will respond to this move by lowering fees and moat will...
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This is the first I've heard of it, but it's definitely worth researching