Workflow
DoorDash Dasher app
icon
Search documents
3 Must-Watch Stocks Amid the Growing Gig Economy Popularity
ZACKS· 2025-11-24 14:26
Core Insights - The gig economy has gained significant momentum post-pandemic, reshaping traditional employment structures and allowing individuals greater flexibility in their work arrangements [2][3] - The global gig market is projected to grow from $582.2 billion in 2025 to $2.18 trillion by 2034, reflecting a compound annual growth rate of 15.8% [5] Industry Overview - The gig economy emphasizes flexibility and choice, making life more convenient through services like ride-hailing and food delivery, which rely heavily on gig workers [4] - Companies like Uber, Lyft, DoorDash, Upwork, and Fiverr exemplify the shift towards gig work, connecting independent professionals with businesses seeking short-term talent [4] Company Analysis - **Amazon**: Plays a significant role in the gig economy through programs like Flex, DSP, MTurk, and AWS, providing flexible work opportunities and supporting the technological infrastructure of gig platforms [8][9][10] - **DoorDash**: Holds over 65% market share in the U.S. food delivery market, utilizing independent contractors for delivery services, which allows for a flexible workforce and low operational costs [11][12] - **Lyft**: Competes in the ride-hailing market by offering flexible earning opportunities for drivers and focusing on sustainability and community-oriented services, while expanding through strategic partnerships [14][15][16]
Best Gig Economy Stocks That Can Strengthen Your Portfolio
ZACKS· 2025-08-12 15:51
Industry Overview - The gig economy has significantly increased in popularity since the pandemic, allowing individuals to choose their work hours, workload, and workspace [1] - The gig economy is projected to reach $2.18 trillion by 2034, with a compound annual growth rate (CAGR) of 15.8% from 2025 [4] Company Insights - Uber exemplifies the successful application of the gig economy model, connecting riders with independent contractor drivers for on-demand services [6] - DoorDash dominates the U.S. food delivery market with over 65% market share, utilizing gig workers to maintain a flexible workforce and low operational costs [9] - Amazon plays a significant role in the gig economy through various programs like Flex, DSP, and MTurk, which provide flexible work options and support gig workers [12][13] Gig Worker Benefits - Gig workers enjoy the freedom to set their own schedules and determine their earnings based on completed tasks rather than fixed salaries [7][11] - The gig economy framework allows companies like DoorDash to adapt quickly to changing demand while providing workers with the flexibility to work part-time or full-time [11] Investment Opportunities - Companies such as Uber, DoorDash, and Amazon present potential investment opportunities aligned with the growth of the gig economy [5][8][14]