The gig economy often comes to mind when you think about getting some food delivered or taking a ride. It makes sense to consider it, step by step Investor spaceThe gig economy is expected to reach a value of more than $455 billion by 2023.
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But what about using the gig economy to improve your financial picture when investing? As a growing number of employers require workers to return to the office, now may be a good time to expect more people to return to the gig economy. If you're ready to look into gig economy stock options, there are a few big names you'll want to check out first.
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Uber
Let's start with the biggest and most familiar name in the gig economy. You've probably gotten a ride from Uber at some point. Uber provides income to a variety of workers – from ride-hailers to delivery people.
Given its steady popularity in recent years, Uber might be a good place to start when considering gig economy stocks. There may have been some tough times in the past, but last year was very different. Uber reported net income of $458 million in 2023 after some tough times in previous years. According to InvestorPlace, „Those metrics provide an argument for investing in Uber, which is a big part of the gig economy.”
Fiverr
If you're not familiar with Uber, another sector of the gig economy might be a better fit. Here are some role options to find caring gig workers who want to use their skills outside the confines of a 9-to-5 job. One of the big names here is Fiverr.
Fiverr is a freelance marketplace full of professionals offering various services. Why is Fiverr such a hot stock in this area? According to The Motley FoolBeyond Fiverr's growth and expansion, it's a good stock pick because more buyers are coming to the platform and they're spending more.
Work on top
If you've heard of Fiverr, you're probably familiar with Upwork. Both platforms are very similar. Although there are some differences, Upwork is a place for freelance professionals to connect with work.
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Both Fiverr and Upwork are in the early stages of profitability and may be good places to invest. As the gig economy is expected to continue to grow, Upwork and Fiverr are strong platforms in an industry poised to see even more expansion.
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This article appeared first GOBankingRates.com: Best Gig Economy Stocks: Which Should You Invest In?