Jeff Reeves’s Strength in Numbers: Why Lyft, Uber and other ‘gig economy’ stocks are in trouble now

The “gig economy” is again in focus with another flashy IPO on the horizon. This time it’s Fiverr, an Israeli-based startup that recently filed to go public under the ticker FVRR and hopes to raise as much as $100 million.

The specific details for Fiverr is that it’s a freelance services marketplace with roughly 3 million users at present. It was initially founded on the idea of folks buying and selling work for a fixed fee of $5 — thus the clever name. Services now cover everything from logo design to translation services to custom animations.

Yet the general idea of Fiverr is the same as it ever was with these kind of companies — a middle-man platform for the self-employed, with no meaningful profits but a big story about how valuable it may be in the long run.

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