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Must-Watch Gig Economy Stocks to Rejuvenate Your Portfolio
ZACKS· 2025-06-30 16:51
Industry Overview - The gig economy has gained significant traction since the pandemic, redefining work by offering flexibility in hours, workload, and workspace [1][2] - The global gig economy market is projected to reach $2.15 trillion by 2033, with a compound annual growth rate of 16.2% from 2025 [4] Key Players - Lyft operates in the ride-hailing segment, providing a flexible platform for drivers to earn income through ridesharing, shared rides, and rentals [6][8] - DoorDash holds over 65% market share in the U.S. food delivery market, utilizing independent contractors for deliveries, which allows for reduced operational costs [9][10] - Uber connects passengers with drivers through its app, allowing drivers to work as independent contractors with flexible schedules [12][13] Business Models - Lyft's model allows drivers to choose their working hours and earn income on their terms, emphasizing the potential of gig-based transportation solutions [8][14] - DoorDash's business model leverages a flexible workforce to scale operations quickly, responding to fluctuating demand [11][12] - Uber's gig-based approach enables drivers to earn based on completed rides rather than a fixed salary, providing autonomy and flexibility [13][14] Investment Opportunities - Companies like Lyft, DoorDash, and Uber present compelling investment opportunities within the expanding gig economy [5][12]
Etsy CEO Advocates for Small Sellers Amid Trade Policy Concerns
PYMNTS.com· 2025-04-28 22:06
Group 1: Trade Policy Concerns - Etsy CEO Josh Silverman is advocating against the elimination of the de minimis exemption for small parcel imports from China, which he claims would negatively impact 8 million Etsy sellers [1][2][3] - The de minimis exemption allows items valued at $800 or less to enter the U.S. without customs duties, and its removal could lead to increased costs for sellers if raw materials become more expensive [3][4] - Silverman warns that the lack of an organized system for collecting duties on small-value goods could result in significant delays and a potential backlog of parcels, severely affecting small commerce [5][6] Group 2: Tax Reporting Changes - Silverman is pushing for a change in the 1099-K tax reporting threshold, which was lowered from $20,000 to $600, arguing that this creates unnecessary friction for small business owners [7][8][9] - The current threshold requires tax filings even for minimal revenue, which could burden sellers who do not owe taxes [8][9] - There are ongoing congressional bills aimed at reverting the threshold to a higher amount, which Silverman supports [9] Group 3: Caregiver Support - Silverman highlights the need for federal support for caregivers, as many Etsy sellers face challenges balancing business and caregiving responsibilities [9][10][11] - A significant portion of Etsy's sellers are women, with 25% having children at home, indicating a strong need for support systems [10] - The lack of paid time off for solo entrepreneurs means that caregiving responsibilities can directly impact their business revenue [11]