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There have been reports that Fiverr, another freelancer platform, will also IPO by next year with a $1 billion valuation (news perhaps timed to leak to offset Upwork's S-1).
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Although merchants may not see much return on investment on these portal deals, the strategy is certainly rewarded by the market, which never fails to bid up a firms valuation on the news of such partnerships.
To date Uber has been stingy about allowing early employees and investors to cash out as its valuation has reached news heights.
Something worth noting from these figures: Facebook paid out $20 million in cash, but only around $11 million in stock based on its own valuation (when the news of the supposed $65 million settlement was revealed yesterday by a lawfirm's advertisement, many speculated that it was primarily in stock).
"We're getting into the good profit news; valuations have become considerably more attractive," said Tom Galvin, chief equity strategist at Donaldson , Lufkin & Jenrette
But as today's news demonstrates, valuation only gets you so far.
We measure "residual tone" (i.e., that portion of linguistic tone that is not associated with contemporaneous economic news or current valuation fundamentals) for a sample of publicly-released management forecasts.
The valuation came not long before news Thursday that Juul was set to diversify its product offerings to include low-nicotine pods.
The good news for retailers: Valuations could rebound thanks to tough cost-cutting brought on by the rough environment.
Neither incremental news flow nor fundamental valuation supports the recent share price move.
bloomberg news The Seeming Randomness of Valuation Advice | Reuters Breakingviews writes: "It's hard to imagine a worse advert for the worth of M.&A.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com