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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
Highlights Etsy CEO Josh Silverman is talking with the Trump administration about 8 million Etsy sellers becoming “collateral damage” if the U.S. kills the small parcel exemption on duties for Chinese imports. Silverman also wants to change the 1099-K tax requirement threshold, which was lowered by the Biden administration. Silverman is seeking federal support for caregivers as well, since taking time away from their business to care for small children or aging relatives is the top concern of Etsy se ...